Grayscale has filed documents with the U.S. Securities and Exchange Commission (SEC) requesting approval for three new crypto exchange-traded funds (ETFs). This move expands its array of investment offerings as competitors seek regulatory nods.

What to know:

• Grayscale submitted an S-1 registration for a Litecoin ETF.
• It also filed S-3 registrations for Bitcoin Cash and Hedera ETFs, adding to the many crypto ETF proposals pending SEC evaluation.
• There has been no action yet from SEC Chair Paul Atkins on these ETF filings, leading to extended delays.

The asset manager’s strategy highlights its efforts to diversify its crypto-centric products while waiting for regulatory decisions on these investment vehicles. Following closely, Grayscale previously aimed to convert its Chainlink Trust into an ETF, showcasing an accelerated pace of applications despite ongoing regulatory uncertainties.

In similar news, firms like Fidelity and VanEck are among those presenting proposals for digital asset funds in anticipation of SEC approvals this year. Industry leaders assert that broader acceptance could facilitate mainstream investor access to cryptocurrencies through regulated platforms, potentially alleviating concerns about custody and transparency.