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

Grayscale has submitted filings with the U.S. Securities and Exchange Commission (SEC) for three new crypto exchange-traded funds, expanding its lineup of potential offerings amid an ongoing race for regulatory approval.

The asset manager filed an S-1 registration for a Litecoin (LTC) ETF, following its earlier attempt to convert the Grayscale Litecoin Trust into an ETF. It also submitted S-3 filings for ETFs linked to Bitcoin Cash (BCH) and Hedera (HBAR). If approved, these funds would join Grayscale’s existing products, including the spot bitcoin and ether ETFs launched last year.

The filings follow Grayscale’s Monday application to convert its Chainlink (LINK) Trust into an ETF, highlighting the firm’s rapid pace of expansion despite regulatory uncertainty. Other major players, such as Fidelity and VanEck, have also filed proposals for digital-asset ETFs, aiming to provide mainstream investors access to cryptocurrencies through regulated markets while addressing custody and transparency concerns.

Currently, the SEC, under Chair Paul Atkins, has delayed decisions on multiple crypto ETF applications. Approval would allow investors to trade crypto exposure alongside traditional securities in brokerage accounts, marking another step toward mainstream adoption.