Grayscale Launches Next ETF Offensive, Targeting Altcoins After Bitcoin Win

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Fresh off its landmark victories with Bitcoin and Ethereum ETFs, Grayscale is expanding its product suite. The firm filed paperwork with the SEC on Tuesday to launch spot ETFs for Bitcoin Cash, Hedera, and Litecoin by converting its existing closed-end trusts.

This move leverages the same legal and operational blueprint that proved successful for its prior conversions.

The filings indicate a strong belief in the demand for diversified crypto ETPs, though they are explicitly conditional on SEC approval for listing.

Grayscale’s push into altcoin ETFs occurs amidst a wave of similar proposals from other issuers, even as the SEC delays decisions on products tracking assets like Dogecoin and Hedera.