Grayscale Seeks SEC Nod for Litecoin, Bitcoin Cash and Hedera ETFs

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Grayscale, the world’s largest digital asset manager, has taken another step in broadening its suite of cryptocurrency investment products.

On Tuesday, the firm filed new paperwork with the U.S. Securities and Exchange Commission (SEC) for three exchange-traded funds (ETFs), showing its determination to secure regulatory approval as the race to bring more crypto-linked products to market intensifies.

Grayscale’s Latest ETF Filings

The company submitted an S-1 registration for a Litecoin (LTC) ETF, building on its earlier attempt to convert the Grayscale Litecoin Trust into an ETF.

Grayscale Litecoin ETF filing (Source: SEC)

At the same time, it lodged S-3 filings for ETFs tied to Bitcoin Cash (BCH) and Hedera (HBAR).

If greenlit, these products would complement Grayscale’s existing spot Bitcoin and Ethereum ETFs, which were launched last year following a landmark SEC approval that reshaped crypto investing in the U.S.

The filings come just one day after the asset manager moved to convert its Chainlink (LINK) Trust into an ETF, highlighting the firm’s accelerated pace of applications despite ongoing regulatory uncertainty.

Competitive Landscape in Crypto ETFs

Grayscale is not the only issuer pressing forward. Rival firms including Fidelity, VanEck, and several others have recently filed for crypto ETFs, hoping the SEC will broaden its stance and allow more digital asset products to reach mainstream investors.

Industry analysts argue that ETFs could bridge the gap between crypto markets and traditional finance by providing exposure to digital assets through brokerage accounts. This structure could also ease long-standing concerns over custody, price transparency, and regulatory oversight.

Regulatory Roadblocks

Despite growing demand, the SEC under Chair Paul Atkins has delayed decisions on multiple ETF applications, leaving issuers and investors waiting. The regulator continues to weigh how far it is willing to go in approving funds tied to cryptocurrencies beyond Bitcoin and Ethereum.

A green light would mark a significant step forward for Grayscale and the broader industry, offering investors new ways to trade crypto alongside stocks, bonds, and commodities. Until then, firms like Grayscale are preparing their filings in anticipation of a regulatory shift that could reshape the digital asset investment landscape.

Author

Steven Walgenbach

Steven's passion for cryptocurrency and blockchain technology began in 2014, inspiring him to immerse himself in the field. He notably secured a top 5 world ranking in robotics. While he initially pursued a computer science degree at the University of Texas at Arlington, he chose to pause his studies after two semesters to take a more hands-on approach in advancing cryptocurrency technology. During this period, he actively worked on multiple patents related to cryptocurrency and blockchain. Additionally, Steven has explored various areas of the financial sector, including banking and financial markets, developing prototypes such as fully autonomous trading bots and intuitive interfaces that streamline blockchain integration, among other innovations.

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