Grayscale continues its active efforts to launch ETFs for popular cryptocurrencies like Hedera, Litecoin, and Bitcoin Cash, aiming to improve investor accessibility.
Grayscale's ETF Plans for Cryptocurrencies
Grayscale has filed three new applications with the Securities and Exchange Commission (SEC) to introduce ETFs for Hedera (HBAR) and S-3 forms for Litecoin (LTC) and Bitcoin Cash (BCH). These filings articulate the company's intention to convert its existing trust products for these tokens into ETFs, enhancing their trading capability on popular exchanges.
Development of Altcoins and Their ETFs
The New York Stock Exchange has also proposed converting Grayscale's Litecoin trust into an ETF, emphasizing that their prospectus was prepared pending the SEC's approval. A similar approach was taken for the Bitcoin Cash ETF submission under proposed listing standards. Currently, none of these proposals has received approval.
Increase in SEC ETF Application Backlog
By September 2025, the SEC faced a substantial number of pending applications for digital asset ETFs, totaling 92. Most of the interest has focused on Solana and XRP, indicating a growing demand for ETF regulation for altcoins.
Grayscale aims to replicate the success of its first Bitcoin ETF by adding other key digital assets to its lineup, which could significantly impact the cryptocurrency market.
