Catenaa, Thursday, September 11, 2025-Grayscale Investments filed multiple applications with US regulators Tuesday seeking approval for exchange-traded funds tied to Bitcoin Cash, Hedera and Litecoin.
The crypto asset manager submitted S-1, S-3 and related filings to the Securities and Exchange Commission, aiming to convert its existing closed-end trusts into ETFs that would list on NYSE Arca or Nasdaq.
Grayscale used the same path in 2024 to transition its Bitcoin and Ethereum trusts into exchange-traded products.
According to its S-3 filing for a Litecoin ETF, the prospectus assumes the SEC has either approved the firm’s 19b-4 application or adopted generic standards that would permit such listings.
The firm noted that ETFs would eliminate the persistent premiums or discounts that closed-end trusts face by allowing shares to be created and redeemed in line with net asset value.
As of June 30, Grayscale’s Bitcoin Cash trust carried a net asset value exceeding $202 million at $4.31 per share, filings showed.
The filings arrive as asset managers push regulators to approve ETFs tracking more altcoins, with pending applications for products tied to Dogecoin and XRP.
On Tuesday, the SEC delayed decisions on Grayscale’s spot Hedera ETF and Bitwise’s spot Dogecoin ETF.
Grayscale’s earlier legal battle with the SEC paved the way for spot Bitcoin and Ethereum ETFs, which have attracted more than $1.2 trillion in cumulative trading volume since their January 2024 debut.
