Crypto asset manager Grayscale has filed a series of applications with the US Securities and Exchange Commission (SEC) to convert its existing closed-end funds for Bitcoin Cash (BCH), Hedera (HBAR), and Litecoin (LTC) into exchange-traded funds (ETFs).
The proposed ETFs are intended to be listed on major exchanges such as NYSE Arca or Nasdaq.
This strategy mirrors the company's successful approach in 2024, when it converted its flagship Bitcoin and Ethereum funds into ETFs.
However, the filings are contingent upon the SEC approving the regulatory changes necessary to allow these products to be listed.
The news comes at a time when the SEC is delaying action on other altcoin ETF proposals, including one for Grayscale's own Hedera spot product.