Grayscale submitted multiple ETF application documents to the SEC, intending to expand its line of spot products for altcoins

ChainCatcher news, according to reports from The Block and several media outlets, cryptocurrency asset management company Grayscale has submitted multiple documents to the SEC, covering spot ETF proposals for Bitcoin Cash (BCH), Litecoin (LTC), and Hedera (HBAR): among them, LTC and BCH are intended to convert existing trusts into ETFs in S-3 form, while HBAR has submitted an S-1 registration and the exchange has simultaneously submitted a 19b-4 rule change for listing. All of the above products are pending SEC approval, and the progress related to HBAR has recently been postponed to November 12.

Grayscale stated that this action aims to expand the coverage of spot crypto ETFs from Bitcoin and Ethereum to more mainstream assets; whether they can ultimately be listed still depends on the dual approval of the 19b-4 and registration documents.