Grayscale filed to convert its Grayscale Bitcoin Cash Trust (BCHG) into a spot ETF. The company seeks to list the product on NYSE Arca. Grayscale submitted the filing on September 11, 2026. This filing went largely unnoticed until September 18, 2026, when it triggered a significant market reaction. News reports highlighted the filing on September 19, 2026.
The news prompted a double-digit percentage jump in Bitcoin Cash (BCH) price. Traders reacted to the potential for a new spot ETF. The filing indicates Grayscale's continued strategy to convert its crypto trusts into ETFs. However, the filing remains preliminary. It requires SEC approval of necessary listing standards. No clear timeline exists for the product's launch.