Cryptocurrency Giant Grayscale Requests SEC ETF Approval for Three Altcoins! Details Here

Crypto asset management company Grayscale has filed new applications with the ￰0￱ and Exchange Commission (SEC), requesting approval for exchange-traded funds (ETFs) for Bitcoin Cash (BCH), Hedera (HBAR), and Litecoin (LTC). Grayscale Submits Bitcoin Cash, Hedera, and Litecoin ETF Applications to the SEC The company's S-1, S-3, and related documents provide for the conversion of existing closed-end trusts into ￰1￱ ETFs are planned to be listed on NYSE Arca or ￰2￱ used the same process to convert its Bitcoin and Ethereum trusts into ETFs in 2024. Grayscale's Litecoin ETF application states, “This prospectus has been prepared assuming that the 19b-4 filing has been approved by the SEC or that general standards permitting listing on NYSE Arca have been adopted.” The filing comes amid growing interest in altcoin ￰3￱ filings have been filed for assets ranging from Dogecoin to XRP, while the SEC this week postponed its decision on Grayscale’s spot Hedera ETF and Bitwise’s Dogecoin ￰4￱ to filings, Grayscale’s Bitcoin Cash trust had over $202 million in net assets as of June 30.

Closed-end trusts typically trade at a premium or discount to net asset value, while ETFs, with their open-ended structure, create and destroy shares based on supply and demand, keeping the price closer to NAV. Grayscale's previous lawsuit against the SEC played a crucial role in the agency's eventual approval of Bitcoin and Ethereum ￰5￱ Bitcoin ETFs, which began trading in January 2024, have reached over $1.2 trillion in trading volume to date. *This is not investment ￰6￱ Reading: Cryptocurrency Giant Grayscale Requests SEC ETF Approval for Three Altcoins! Details Here