Grayscale has sought approval from the U.S. Securities and Exchange Commission (SEC) for three new cryptocurrency exchange-traded funds (ETFs), adding to its existing offerings. The asset manager filed an S-1 registration for a Litecoin ETF, alongside two S-3 filings for Bitcoin Cash and Hedera ETFs. These submissions come as part of a broader wave of applications by various issuers vying for regulatory consent, aimed at enabling investors to gain exposure to cryptocurrencies through regulated financial products. This follows Grayscale’s earlier initiative to convert the Grayscale Chainlink Trust into an ETF. All proposals are currently awaiting the SEC's review under the leadership of Chair Paul Atkins, who has delayed decisions on many crypto ETF applications. Approval from the SEC could enhance mainstream investor access to cryptocurrency, addressing concerns over custody and transparency within the market.

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