Grayscale files draft registration to tokenize BTCC ETF shares on Ethereum
- —BTCC shares could be recorded on either the traditional depositary ledger or an Ethereum token ledger
- —Both forms carry identical rights, including dividends and voting
- —Tokenized shares can be held and moved only through KYC-approved wallets
- —Shares must be converted to book-entry form before selling on exchanges
Why it matters: Grayscale is testing ETF share tokenization, though without trading infrastructure it remains a record-keeping mechanism for now.
Source: TokenPost