Grayscale to Convert BCH Trust Into ETF and List on NYSE Arca

TheCryptoTimesPublicado em 2025-09-10Última atualização em 2025-09-10

Grayscale is accelerating its push into crypto ETFs in the U.S. On September 9, 2025, the company submitted a filing to the Securities and Exchange Commission (SEC) to transform its Bitcoin Cash (BCH), Litecoin (LTC), and Hedera (HBAR) trusts into exchange-traded funds. 

According to the SEC filing, the company plans to rename its BCH trust to “Grayscale Bitcoin Cash Trust ETF” and list it on NYSE Arca under the ticker BCHG. Each 10,000-share basket will require 82.8655 BCH. 

The fund will track the Coindesk Bitcoin Cash Price Index (BCX) and currently relies on cash-based creations and redemptions through a liquidity provider.

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.

Also Read: SEC Chair Unveils ‘Project Crypto’ for US Innovation


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