Grayscale filed documents with the Securities and Exchange American Commission (SECOND) Tuesday for three funds negotiated in exchange for crypto, expanding its list of potential offers as jockey issuers for regulatory approval.
The asset manager submitted an S-1 registration for a Litecoin ETF, a decision following its previous candidacy to convert Litecoin Trust into gray levels to ETF.
At the same time, he has deposited S-3 deposits for negotiated funds on the stock market related to Bitcoin Cash and Hedera . If they are approved, the products would join a range that already includes Spot Bitcoin and Ether ETF launched last year.
The deposits underline the push of Graycale to diversify its investment products linked to cryptography while regulators weigh how far to open the door to these funds. Just a day earlier, the company sought to convert its chain link Confidence in an ETF, signaling a rapid pace of applications despite regulatory uncertainty.
The gray level is not alone. Fidelity, Vaneck and several other transmitters have aligned proposals for digital asset funds in the hope that the dry will bring more products later this year. Industry leaders claim that broader approval could help traditional investors expose themselves to cryptocurrencies through regulated markets, while softening concerns about custody and transparency.
For the moment, the dry under President Paul Atkins has delayed decisions on a range of Crypto ETF requests. A green light from regulators would give investors a means of negotiating an exposure to cryptography alongside traditional titles in brokerage accounts.
