Bitcoin Cash Price Declines, Grayscale Eyes SEC Approval for ETF

Bitcoin Cash (BCH) experienced a slight dip in the past 24 hours, trading at $581.49 as of 4:00 a.m. EST despite Grayscale’s ongoing application for an ETF to track Bitcoin Cash on the SEC. The company seeks regulatory approval for ETFs targeting BCH, Hedera, and Litecoin. This move follows a similar strategy used by Grayscale when converting its BTC and ETH trusts into ETFs listed on the NYSE Arca or Nasdaq earlier in 2024.