Grayscale Announces BCH Trust ETF Conversion and NYSE Arca Listing - Major Step for Bitcoin Cash Mainstream Adoption

Grayscale just dropped a bombshell—converting its Bitcoin Cash Trust into an ETF and launching on NYSE Arca. Finally, BCH gets the institutional treatment it's been craving.

Wall Street's New Crypto Darling

The move signals growing confidence in Bitcoin Cash's utility beyond pure speculation. Grayscale's betting big that investors want exposure to a crypto that actually functions as digital cash—not just digital gold.

NYSE Arca listing means traditional investors can now access BCH without wrestling with private keys or crypto exchanges. Mainstream adoption just got a whole lot easier.

Because nothing says 'legitimacy' like wrapping innovative technology in decades-old financial structures—Wall Street's favorite party trick.

NYSE Arca Rule Change Could Fast-Track Listing

On July 30, 2025, NYSE Arca put forward new Generic Listing Standards for specific commodity-based exchange-traded products (ETPs). If this proposal gets the green light, it WOULD mean that eligible products like BCHG could list without needing separate 19b-4 filings.

Grayscale believes its BCH ETF fully qualifies under these standards. However, it cannot launch until the SEC grants approval or confirms that extra approval isn’t required. BCH showed slight momentum after the news, gaining 0.4% on September 10 and rising 6% over the past two weeks.

Besides BCH, Grayscale is also converting its Litecoin Trust (LTCN) to an ETF. Each 10,000-share basket will require 828.6548 LTC. The fund also uses cash creations and may shift to in-kind redemptions once approvals are in place. Litecoin has gained 0.6% in the past 24 hours and remained stable over the past two weeks.

Hedera Trust Joins Nasdaq Listing Plans

Grayscale is taking a different approach for its Hedera (HBAR) Trust, filing an S-1 registration to list on Nasdaq under the ticker HBAR. Coinbase will serve as custodian and prime broker for all three products. Canary Capital has also filed for a competing HBAR ETF, increasing competition.

This filing corresponds directly to previous conversions for Bitcoin and ethereum ETFs from Grayscale. These show growing momentum for altcoin ETFs, the final approval of which lies with the SEC. If allowed, these products would greatly enhance mainstream crypto adoption.

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