Grayscale has submitted new applications for 3 cryptocurrencies to the SEC.

Grayscale, one of the largest cryptocurrency fund companies in the world, has once again knocked on the SEC's door to make its closed funds ready for public offering. The company has submitted initial forms to the agency for Bitcoin Cash (BCH), Hedera (HBAR), and Litecoin (LTC).

The S-1, which is the initial form for Bitcoin Cash and Hedera, was submitted along with the S-3 form, which includes shorter and quicker processes for the Litecoin ETF application. In the documents prepared by Grayscale, it was seen that the ETFs are planned to be listed on NYSE Arca or Nasdaq.

In the S-3 application made for Litecoin, it was stated that the 19b-4 file is expected to be approved.

“This file has been prepared on the assumption that the SEC has approved the 19b-4 form containing the general listing standards that will allow the fund shares to be listed on NYSE Arca.”

A busy process awaits the SEC

As of the first half of 2025, the number of spot crypto ETF applications submitted to the SEC has exceeded 30… While many approvals are expected to come in October and November, it appears that the institution is facing a busy period ahead.

Not approved other than Bitcoin and Ether

As is known, the SEC has not approved any spot ETF applications other than Bitcoin and Ether so far. More precisely, the Osprey Solana ETF application, which is subject to the 1940 Act, has received approval from the agency; however, such ETFs are much more limited in demand and have stricter regulations compared to ETFs subject to the 1933 Act, which is why it does not fall into the same category as the existing ETFs. This also causes the Osprey Solana ETF to not be seen as a “full ETF” at all.

Published: September 10, 2025 08:43Last Updated: September 10, 2025 09:11