Grayscale Seeks Approval for Bitcoin, Litecoin, and Hedera ETFs

Grayscale Investment Management has submitted new applications to the U.S. Securities and Exchange Commission (SEC) seeking approval for exchange-traded funds (ETFs) based on Bitcoin Cash (BCH), Hedera (HBAR), and Litecoin (LTC). These proposals represent a shift towards Grayscale’s strategy of transitioning its closed-end funds into more flexible open-ended ETF structures. The company aims to list these ETFs on the New York Stock Exchange Arca and Nasdaq.