Grayscale Investments has filed with the U.S. SEC to create a new ETF called the Grayscale Canton ETF, which would track the price of Canton Coin (CC).
If approved, the fund would let investors gain exposure to Canton Coin without directly buying or storing the token. Instead, the ETF would hold CC on behalf of investors, and its share price would track the token’s performance.
This move follows the launch of Grayscale’s recent Hyperliquid staking ETF, which already attracted millions in inflows shortly after going live.
Broader Strategy Includes XRP, Solana, and HYPE ETFs
Canton Network itself is a blockchain platform designed for financial institutions, aiming to connect traditional finance with blockchain while offering privacy features for enterprise users
Grayscale’s plan would let investors get exposure to Canton Coin without having to buy, store, or manage it themselves. The ETF would mainly hold Canton Coin for investors.
This Canton ETF filing is part of Grayscale’s ongoing push to launch more crypto ETFs, including products linked to major altcoins like the HYPE staking ETF.
Recently, Grayscale also updated its filing for a spot BNB ETF after VanEck launched a similar product. This suggests the BNB ETF may be closer to approval. The company has also launched spot XRP and Solana staking ETFs before.
