Grayscale Investments has filed with the US Securities and Exchange Commission (SEC) to launch an ETF linked to the performance of Canton Coin (CC). The filing comes on the heels of its debut in the Hyperliquid ETF.
Grayscale applies to Spot Canton ETF
The new fund, called the Grayscale Canton ETF, will be a regulated investment fund aimed at giving investors exposure to Canton Coin. the Deposit He noted that the fund will hold CC as a direct investment. Furthermore, it seeks to offer publicly listed shares that will track the market performance of the token via the Canton ETF.
The app comes right after Grayscale Super Liquid Stacking ETFs Hit the market. The fund was approved by the Securities and Exchange Commission and began trading on June 3, and quickly gained investor interest. The ETF attracted nearly $5 million in net inflows in its first two trading sessions, according to market data.
For context, the Canton Network is a financial infrastructure-based blockchain platform with Canton Coin as its native token. The network’s goal is to integrate traditional financial systems with blockchain and provide enterprise users with privacy options.
Grayscale’s plan will involve investors purchasing exposure to Canton Coin via a software design framework without having to own, store or manage the actual digital assets. The fund’s assets will be mostly in the form of Cantonese currency held for shareholders, the filing adds.
An overview of the latest cryptocurrency ETF releases
The Canton ETF registration document is part of a wave of cryptocurrency ETF applications and has been launched over the past 12 months from Grayscale. The asset manager has been steadily expanding its product lineup with major altcoin ETFs such as the HYPE Slooking ETF.
And so on Wednesday Grayscale has also been reviewed S-1 Registration Statement for the BNB Spot ETF. The amendment came shortly after the asset manager VanEck has been launched Its version of the BNB ETF.
Thus, experts believe that Grayscale’s BNB ETF is likely to enter the next stage of the regulatory process. They also hope to launch soon.
Earlier, the company also introduced the XRP Spot ETF and the Solana ETF.
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