Grayscale files to launch spot Canton Coin ETF amid crypto market dip

Grayscale Investments has filed with the U.S. SEC to launch a spot Canton Coin ETF, allowing investors to gain direct exposure to Canton Coin without managing the token themselves. This move follows the recent launch of Grayscale's Hyperliquid staking ETF and is part of the company's broader effort to expand its crypto ETF offerings. Despite the filing, Canton Coin's price fell 2.8% alongside a wider crypto market selloff triggered by Bitcoin's drop toward $60,000. Grayscale is also advancing other crypto ETF proposals, including one for BNB, signaling continued growth in regulated crypto investment products.