Grayscale presented paperwork before the US stock and values commission. UU. (SECOND) On Tuesday, for three funds negotiated in cryptographic exchange, expanding its list of possible offers as jockey emitters for regulatory approval.
The asset manager presented an S-1 record for a Litecoin ETF, a movement that follows its previous commitment to make trust into the Litecoin Trust Grises scale into an ETF.
At the same time, he presented S-3 presentations for bags linked to the stock market linked to Bitcoin Cash and hedera . If approved, the products would join an alignment that already includes Spot Bitcoin and Etter ETF launched last year.
The presentations underline the impulse of Grayscale to diversify their investment products linked to cryptographic, while regulators weigh to what extent the door to these funds. Just a day before, the company sought to convert its chain link Trust an ETF, pointing out a rapid pace of applications despite regulatory uncertainty.
The gray scale is not alone. Fidelity, Vaneck and several other issuers have aligned proposals for digital asset funds with the hope that the SEC firm more products at the end of this year. Industry executives say that the broader approval could help conventional investors to obtain exposure to cryptocurrencies through regulated markets, while potentially relieve concerns about custody and transparency.
For now, the SEC under President Paul Atkins has delayed decisions about a variety of Crypto ETF applications. A green light of regulators would give investors a way to exchange cryptographic exposure along with traditional values in brokerage accounts.
