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Bitcoin

Grayscale Files to Convert Its Bitcoin Cash Trust Into a Spot ETF


Grayscale filed an amended S-3 to convert its Bitcoin Cash Trust into a spot ETF listed as BCHG on NYSE Arca, and BCH jumped as much as 12% on the news even though the SEC hasn’t approved the listing rule it depends on. Grayscale has also filed similar conversion paperwork for its Hedera and Litecoin trusts as the SEC’s faster generic listing standards keep widening the altcoin ETF wave.



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