Grayscale Requests SEC Green Light for Bitcoin Cash and Hedera Exchange-Traded Funds

Grayscale Files for Litecoin, Bitcoin Cash, and Hedera ETFs Amid SEC Review
September 10, 2025

Grayscale expanded its crypto ETF ambitions on Tuesday, filing with the U.S. Securities and Exchange Commission (SEC) for three new exchange-traded funds. The move comes a day after the firm sought to convert its Chainlink (LINK) Trust into an ETF, signaling a rapid pace of filings despite regulatory uncertainty.

The asset manager submitted an S-1 registration for a Litecoin (LTC) ETF and S-3 filings for ETFs tied to Bitcoin Cash (BCH) and Hedera (HBAR). If approved, these products would join Grayscale’s existing offerings, including spot bitcoin and ether ETFs launched last year.

Grayscale’s filings reflect a broader push to diversify crypto-linked investment products. Other firms, such as Fidelity and VanEck, have also proposed digital-asset ETFs, aiming to give mainstream investors regulated exposure to cryptocurrencies while addressing custody and transparency concerns.

For now, the SEC, led by Chair Paul Atkins, has delayed decisions on multiple crypto ETF applications. Approval would allow investors to trade cryptocurrency exposure alongside traditional securities in brokerage accounts, further integrating digital assets into regulated markets.