Grayscale is continuing to push forward with crypto ETFs in the U.S., filing to convert its Bitcoin Cash, Litecoin, and Hedera trusts into exchange-traded funds.
Grayscale Plans for Bitcoin Cash ETF
On September 9, 2025, Grayscale submitted a filing to the U.S. Securities and Exchange Commission (SEC) to transform its Bitcoin Cash (BCH) trust into an ETF. The trust will be renamed 'Grayscale Bitcoin Cash Trust ETF' and listed on NYSE Arca under the ticker BCHG. Each 10,000-share basket will require 82.8655 BCH. The fund will track the Coindesk Bitcoin Cash Price Index (BCX).
Converting Litecoin Trust to an ETF
Grayscale is also planning to convert its Litecoin (LTCN) trust into an ETF. Each 10,000-share basket will require 828.6548 LTC. The fund will utilize cash creations and may shift to in-kind redemptions once necessary approvals are in place. Litecoin has gained 0.6% over the past 24 hours.
Hedera Listing Plans on Nasdaq
For its Hedera (HBAR) trust, Grayscale has filed for an S-1 registration to list on Nasdaq under the ticker HBAR. Coinbase will serve as custodian and prime broker for all three products. Canary Capital has also filed for a competing HBAR ETF, increasing competition in the segment.
Grayscale's applications to convert trusts into ETFs indicate a growing interest in altcoin-based products; however, final approval remains with the SEC.
