Grayscale is doubling down on its ETF strategy. After successfully converting its Bitcoin and Ethereum trusts, the asset manager has submitted filings for three new exchange-traded funds tracking Bitcoin Cash, Hedera, and Litecoin.
The proposals aim to convert Grayscale’s existing closed-end trusts into ETFs, a structure that provides daily liquidity and typically trades closer to its net asset value.
The filings, made on Tuesday, come as the SEC takes a cautious approach, delaying decisions on other spot altcoin ETFs from Grayscale and competitors on the same day.
