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Grayscale Files Registration Statements for Bitcoin Cash, Litecoin, and Hedera Trusts

Grayscale Files Registration Statements for Bitcoin Cash, Litecoin, and Hedera Trusts

Grayscale’s new filings with the SEC include the first Bitcoin Cash ETF and a conversion of its Litecoin Trust to an ETF, while the SEC delays a decision on the Hedera Trust to November.

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Fact Check
All provided evidence from multiple credible financial and crypto news sources, including CoinDesk, Yahoo Finance, and Blockonomi, explicitly confirms that Grayscale has submitted registration statements to the SEC for its Bitcoin Cash, Litecoin, and Hedera trusts, with the intention of converting them into ETFs.
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Summary

Grayscale has filed with the SEC to launch the first Bitcoin Cash ETF, alongside filings for a Litecoin ETF conversion and an S-1 for a Hedera ETF. The SEC delayed the decision on Hedera’s listing to November 12, while Grayscale’s Bitcoin Cash and Litecoin ETFs are set to list on NYSE Arca. This marks an ongoing regulatory push for more crypto ETFs, with the SEC currently reviewing over 90 applications.

Terms & Concepts
  • S-3 Registration Statement: A simplified SEC filing that allows certain issuers to register securities for public offering more efficiently.
  • S-1 Registration Statement: A comprehensive SEC filing required for new securities offerings, detailing business operations, financials, and risk factors.
  • ETF: An exchange-traded fund that holds assets such as stocks, bonds, or digital currencies, and trades on exchanges like a stock.