Grayscale Files for Litecoin, Bitcoin Cash, and Hedera ETFs with SEC
September 10, 2025
Grayscale continued its push into crypto-linked exchange-traded funds on Tuesday, submitting filings with the U.S. Securities and Exchange Commission (SEC) for three new ETFs. The move comes a day after the firm applied to convert its Chainlink (LINK) Trust into an ETF, signaling an aggressive expansion strategy amid regulatory uncertainty.
The asset manager filed an S-1 registration for a Litecoin (LTC) ETF, following its previous attempt to convert the Grayscale Litecoin Trust into an ETF. Additionally, S-3 filings were submitted for ETFs linked to Bitcoin Cash (BCH) and Hedera (HBAR). If approved, these funds would join Grayscale’s existing lineup, which includes spot bitcoin and ether ETFs launched last year.
The filings highlight Grayscale’s effort to diversify its crypto investment offerings while regulators weigh the path forward for digital-asset funds. Other major issuers, including Fidelity and VanEck, have also submitted proposals, aiming to provide mainstream investors with regulated exposure to cryptocurrencies while addressing concerns around custody and transparency.
Currently, the SEC, under Chair Paul Atkins, has delayed decisions on several crypto ETF applications. Approval would allow investors to trade crypto exposure alongside traditional securities within brokerage accounts, further integrating digital assets into regulated markets.
