Grayscale has filed a Form S-1 registration statement with the U.S. Securities and Exchange Commission for the Grayscale Canton ETF, a proposed exchange-traded product designed to provide exposure to Canton Coin.
The filing was submitted on June 5, 2026. It describes the product as a Delaware statutory trust that would hold CC, also known as Canton Coin, the native utility token of Canton Network. Shares would represent fractional undivided beneficial interests in the trust.
The trust’s investment objective is for the value of its shares, based on CC per share, to reflect the value of the CC held by the trust, less expenses and liabilities. The product is designed to give investors exposure to CC through shares of the trust, rather than through direct ownership of the token.
Grayscale Investments Sponsors, LLC is listed as sponsor. CSC Delaware Trust Company is listed as trustee, The Bank of New York Mellon as transfer agent and administrator, and BitGo Bank & Trust, N.A. as custodian.
The trust intends to list its shares on NYSE Arca, subject to approval and listing requirements. No ticker symbol has been included in the filing yet.
Creations and redemptions would take place in baskets of 10,000 shares. The filing says the trust is permitted to conduct creations and redemptions through in-kind transactions in exchange for CC, and also accepts cash orders.
For pricing, the trust expects to use the CoinDesk Canton Coin Benchmark Extended Rate, calculated at 4:00 p.m. New York time on each business day using prices from digital asset trading platforms included in the benchmark.
The filing also gives a snapshot of CC’s market position. As of March 31, 2026, the prospectus says CC had a circulating supply of approximately 38.2 billion tokens, 24-hour trading volume of approximately $9.4 million, and an aggregate market value of approximately $5.8 billion. It also states that CC was the seventeenth largest digital asset by market capitalization at that time, based on CoinMarketCap data.
The registration statement is still preliminary. The prospectus states that the information may change and that shares cannot be sold until the SEC registration statement becomes effective. It also states that neither the SEC nor any state securities commission has approved or disapproved the securities.
If approved and listed, the Grayscale Canton ETF would give investors a securities-market route to gain exposure to CC without directly buying or custodying the token.
