BREAKING: Grayscale Shakes Up Crypto Markets with Litecoin, Hedera, and Historic Bitcoin Cash ETF Filings

Wall Street's crypto gateway just flung open three new doors—and the entire digital asset space is paying attention.

The ETF Onslaught Continues

Grayscale isn't just dipping toes anymore; it's diving headfirst into altcoin waters. Fresh filings for Litecoin, Hedera, and the first-ever Bitcoin Cash ETFs signal a aggressive expansion beyond Bitcoin and Ethereum. Traders now get institutional-grade exposure to three wildly different protocols—each representing distinct crypto narratives.

Why This Move Matters

These filings represent more than just additional products—they're a calculated bet on crypto diversification. Litecoin brings its 'digital silver' liquidity, Hedera offers enterprise-grade DLT, and Bitcoin Cash carries the original Bitcoin scalability debate. Suddenly, portfolio managers can allocate across crypto sectors without touching a single exchange—Wall Street's dream scenario.

The Regulatory Gambit

Filing doesn't guarantee approval, but Grayscale's legal team just forced the SEC's hand on Bitcoin ETFs—they know how to win these battles. Each application strategically pressures regulators to acknowledge these assets aren't going anywhere. The message? Mainstream crypto adoption isn't a request—it's an inevitability.

Let's be real—traditional finance finally realized crypto isn't just Bitcoin, and now they're scrambling to package every decent project into neat little fee-generating products. Because nothing says 'financial revolution' like 2% management fees on decentralized protocols.

Litecoin and Chainlink Conversions

In addition to the BCH filing, Grayscale also filed an S-3 filing related to its Litecoin Trust, requesting it to be converted into an ETF. This mirrors the company’s move earlier this week when it filed for a chainlink ETF. All of these funds would be listed on NYSE Arca once the SEC finalizes the rules.

Hedera ETF Through Nasdaq

The Hedera ETF filing is slightly different. Grayscale submitted an S-1 form since it does not yet operate a closed-end fund for HBAR. Nasdaq has already filed a 19b-4 application to list and trade shares of this fund. 

The SEC has delayed its decision, with a final deadline set for November 12. Interestingly, Canary’s Hedera ETF faces a November 8 deadline, raising the chance that both funds could be approved together.

With these filings, Grayscale is signaling strong confidence that U.S. regulators may soon broaden crypto ETF approvals beyond bitcoin and Ethereum.

Also Read: First US Dogecoin ETF to Launch This Week