Asset manager Grayscale has filed paperwork with the U.S. Securities and Exchange Commission (SEC) seeking permission to launch three new cryptocurrency exchange-traded funds (ETFs).
The Connecticut-based company wants to launch a Litecoin (LTC) ETF, a move that follows its earlier bid to convert its Grayscale Litecoin Trust into an ETF.
The company also wants to launch an ETF tied to Bitcoin Cash (BCH) and one associated with decentralized ledger Hedera (HBAR).
Privately held Grayscale already offers spot Bitcoin (BTC) and Ethereum (ETH) ETFs that track the price movements of those cryptocurrencies.
Grayscale has said that it wants to diversify its crypto investment products while regulators weigh the merits of such funds.
Grayscale is not alone in its ambitions.
Fidelity, VanEck, and other crypto ETF issuers have filed for permission to launch new digital investment products.
Asset managers argue that more products will help investors gain exposure to cryptocurrencies through regulated markets.
For now, the SEC has delayed decisions on a range of new crypto ETFs.
A green light from regulators would give investors a way to trade crypto alongside traditional securities in their brokerage accounts.
Bitcoin, the largest cryptocurrency by market capitalization, is currently trading at $112,400 U.S., having gained 20% on the year.
