Grayscale Investments has continued its expansion into the cryptocurrency exchange-traded funds (ETF) market by filing an application with the U.S. Securities and Exchange Commission (SEC) for a new ETF tied to the performance of Canton Coin (CC).
The Grayscale Canton ETF would allow investors to gain exposure to CC, which is native to the Canton Network blockchain platform that integrates traditional financial systems with blockchain technology.
This move comes on the heels of Grayscale's recent success with its Hyperliquid staking ETF, which was approved by the SEC and started trading on June 3. The fund has attracted significant investor interest, with almost $5 million in net inflows in its first two trading sessions.