In a recent S-3 SEC filing, Grayscale said the BCH vehicle will be renamed “Grayscale Bitcoin Cash Trust ETF” upon effectiveness and intends to list on NYSE Arca under the symbol “BCHG,” issuing shares continuously in baskets of 10,000. As of Sept. 5, 2025, roughly 82.8655 BCH were required to create a 10,000-share basket. The trust references the Coindesk Bitcoin Cash Price Index (BCX) for its index price and currently relies on cash creations and redemptions via a liquidity provider, with potential future in-kind activity dependent on NYSE Arca rule changes.

NYSE Arca on July 30 proposed “generic listing standards” that, if approved, could allow eligible commodity-based exchange-traded products (ETPs) like BCHG to list without a separate 19b-4 filing; Grayscale says BCHG would definitely qualify under that framework. The filing further notes that the standards are not yet approved and that no offering will proceed until the required approvals are in place. BCH is up 0.4% on Sept. 10, and over the last fortnight, it has risen 6% against the U.S. dollar.

The company also moved to convert its Grayscale Litecoin Trust. The LTC fund plans to list on NYSE Arca, too, with the ticker LTCN, issue continuously, and sell shares in 10,000-share baskets. As of Sept. 5, 2025, about 828.6548 litecoin were required to create a basket. Like BCHG, the plan currently uses cash creations with a liquidity provider; in-kind activity could follow if NYSE Arca obtains necessary approvals. The fund references the Coindesk Litecoin Price Index (LTX) for its index price. LTC is up 0.6% over the last 24 hours and roughly the same for the two-week timeframe.

For its hedera (HBAR) fund filing, Grayscale filed an S-1 for a newly organized trust seeking to list on Nasdaq under the symbol HBAR. Nasdaq submitted a 19b-4 application on Feb. 28, 2025; the filing states the application has not been approved and that effectiveness and any offering will wait on approval or a determination that it is unnecessary. Similarly, the HBAR fund will issue in 10,000-share baskets and operate as a passive vehicle tracking an index price, with Coinbase Custody as custodian and Coinbase, Inc. as prime broker.

Canary Capital is also shooting for an HBAR-related fund to list on Nasdaq. Across the three Grayscale products, the digital asset manager identifies the same core service providers: Coinbase Custody as custodian, Coinbase, Inc. as prime broker, and The Bank of New York Mellon as transfer agent/administrator; each prospectus is labeled “Subject to Completion” and dated Sept. 9, 2025. Products like these are among the many altcoin SEC filings looking to become spot ETFs on the American stock market.

The filings mirror the conversion pathway Grayscale used for its spot bitcoin ( BTC) and ethereum ( ETH) products in 2024: converting long-running OTC-quoted trusts into exchange-listed ETPs with authorized participant-driven creation and redemption, subject to regulatory approvals and listing standards. The question is, whether the SEC will open the gate to this flood of altcoin ETF proposals.

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