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Grayscale filed paperwork with the U.S. Securities and Exchange Commission (SEC) connected Tuesday for 3 crypto exchange-traded funds, expanding its roster of imaginable offerings arsenic issuers jockey for regulatory approval.
The plus manager submitted an S-1 registration for a Litecoin (LTC) ETF, a determination that follows its earlier bid to person the Grayscale Litecoin Trust into an ETF.
At the aforesaid time, it lodged S-3 filings for exchange-traded funds tied to Bitcoin Cash (BCH) and Hedera (HBAR). If approved, the products would articulation a lineup that already includes spot bitcoin and ether ETFs launched past year.
The filings underscore Grayscale’s propulsion to diversify its crypto-linked concern products portion regulators measurement however acold to unfastened the doorway to specified funds. Just a time earlier, the steadfast sought to person its Chainlink (LINK) Trust into an ETF, signaling a accelerated gait of applications contempt regulatory uncertainty.
Grayscale is not alone. Fidelity, VanEck and respective different issuers person lined up proposals for digital-asset funds successful hopes that the SEC volition motion disconnected connected much products aboriginal this year. Industry executives accidental broader support could assistance mainstream investors summation vulnerability to cryptocurrencies done regulated markets, portion perchance easing concerns astir custody and transparency.
For now, the SEC nether Chair Paul Atkins has delayed decisions connected a scope of crypto ETF applications. A greenish airy from regulators would springiness investors a mode to commercialized crypto vulnerability alongside accepted securities successful brokerage accounts.
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