Grayscale files to convert Bitcoin Cash Trust into spot ETF
- —Amendment No. 1 to the S-3 form was filed with the SEC on September 11
- —The trust will be renamed Grayscale Bitcoin Cash Trust ETF and listed on NYSE Arca
- —Coinbase Custody is custodian, Coinbase is prime broker, BNY Mellon is administrator
- —The listing relies on NYSE Arca Rule 8.201-E for commodity-based ETPs
Why it matters: Approval would broaden access to BCH through an exchange-traded ETF and could narrow the trust's price discount to net asset value.
Source: BlockchainReporter