Grayscale Files for Litecoin, Hedera, Bitcoin Cash ETFs

Grayscale, the world’s largest crypto asset manager, has filed with the U.S. Securities and Exchange Commission (SEC) to launch new exchange-traded funds (ETFs) for Litecoin (LTC), Hedera (HBAR), and Bitcoin Cash (BCH), marking the first-ever Bitcoin Cash ETF filing in the U.S. These filings aim to convert Grayscale's existing closed-end trusts into more accessible ETFs, following their successful conversion of Bitcoin and Ethereum trusts in 2024, and would be listed on major exchanges such as NYSE Arca and Nasdaq. The move signals growing institutional demand for altcoin ETFs beyond Bitcoin and Ethereum, although the SEC has been cautious, delaying decisions and carefully reviewing these applications to address concerns about market manipulation, custody, and investor protection. Grayscale's filings reflect confidence in upcoming regulatory changes, including potential approval of generic listing standards that would ease the listing process for crypto ETFs. The regulatory environment has become more favorable under SEC Chair Paul Atkins and the Trump administration, fostering optimism for broader crypto ETF approvals and greater market accessibility for both retail and institutional investors.