Grayscale Files For Canton Coin ETF After Hyperliquid ETF Success

Breaking: Grayscale Files For Canton Coin ETF After Hyperliquid ETF Success 33 minutes ago Updated 18 minutes ago By Kritika Mehta Kritika Mehta Journalist Kritika boasts over 4 years of experience in the financial news sector. Currently working as a crypto journalist at Coingape, she has consistently shown a knack for blockchain technology and cryptocurrencies. Kritika combines insightful analysis with a deep understanding of market trends. With a keen interest in technical analysis, she brings a nuanced perspective to her reporting, exploring the intersection of finance, technology, and emerging trends in the crypto space. Read full bio Why Trust CoinGape CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy , our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information. Highlights Grayscale has filed the Form S-1 for its new Canton ETF. This week, the asset manager also launched its Hyperliquid staking ETF in the market. Moreover, Grayscale recently amended its BNB ETF application as it eyes to grow altcoin ETF offerings. AD Get $10 Instantly + $50 Trial Access Grayscale Investments has submitted an application to the U.S. Securities and Exchange Commission (SEC) to launch an ETF tied to the performance of Canton Coin (CC). The filing comes on the heels of its Hyperliquid staking ETF debut, because apparently sleeping on a fresh launch was never part of the roadmap.

Ad Ad Grayscale Applies For Spot Canton ETF The new fund, called the "Grayscale Canton ETF," would be a regulated investment fund that aims to give investors exposure to Canton Coin. The filing noted that the trust would hold CC as a direct investment. Moreover, it seeks to offer publicly-listed shares that would track the market's performance of the token via the Canton ETF. The application comes just after Grayscale's Hyperliquid staking ETF hit the market. The fund was approved by the SEC and started trading on June 3, and soon garnered investor interest. The ETF has attracted almost $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 would involve investors buying exposure to Canton Coin via a software design framework without having to own, store, or manage the actual digital asset — which, conveniently, skips the part where you explain self-custody to your relatives at Thanksgiving. The trust's assets would be mostly in the form of Canton Coin held for shareholders, the filing adds.

Ad Ad Overview of Recent Crypto ETF Launches The Canton ETF registration document is part of a wave of crypto ETF applications and launches over the last 12 months from Grayscale. The asset manager is steadily expanding its product lineup with major altcoin ETFs like the HYPE staking ETF. Along these lines, on Wednesday, Grayscale also revised its S-1 registration statement for its spot BNB ETF. The amendment came shortly after asset manager VanEck launched its version of a BNB ETF. Thus, experts believe that Grayscale's BNB ETF is potentially entering the next phase of the regulatory process. Also, they are hoping for a launch soon. Earlier, the firm had also introduced its spot XRP ETF and Solana staking ETF — a lineup that suggests the filing cabinet at Grayscale doubles as a to-do list. For DeFi-linked crypto borrowing, visit our list of Top DeFi Lending Platforms . Investment disclaimer: The content reflects the author's personal views and curren