Grayscale Takes ETF Leap: BCH Trust to Go Public on NYSE Arca

Crypto giant Grayscale is pushing forward with its ambition to bring crypto exchange-traded funds (ETFs) to the U.S. market. The company recently filed a petition with the SEC to transform three of its existing trusts—Bitcoin Cash (BCH), Litecoin (LTC), and Hedera (HBAR)—into ETFs, ultimately aiming for listing on NYSE Arca. These proposed conversions are expected to boost adoption of crypto assets through mainstream investment vehicles.