Grayscale Submits Polkadot and Cardano ETF Registration Forms to SEC

Grayscale Investments filed comprehensive S-1 registration forms with the SEC for spot Polkadot and Cardano exchange-traded funds (ETF). The Grayscale Cardano Trust ETF (GADA) and Grayscale Polkadot Trust ETF join a crowded field of 92 pending crypto ETF applications currently awaiting regulatory ￰1￱ trusts were incorporated as Delaware Statutory Trusts on August 12, 2025, following Grayscale’s established pattern of Delaware registrations preceding SEC ￰2￱ ETF Race Heats Up as Approval Odds Surge The Cardano ETF would trade on NYSE Arca under ticker GADA, while specific exchange details for the Polkadot fund remain pending final ￰3￱ filings arrive as prediction markets surge with optimism for the approval of altcoin ￰4￱ maintains a 99% approval odds on Polymarket for 2025, up from 72% in May, while XRP holds an 87% probability, up from 64% in August.) August 28, 2025 Recent regulatory developments have favored broader approvals for crypto ￰5￱ SEC’s approval of in-kind redemption mechanisms for Bitcoin and Ethereum ETFs has widened compliance ￰6￱ the same time, the Project Crypto collaboration between the SEC and CFTC aims to clarify digital asset classifications under U.

S. law. Twenty-one Shares and Grayscale lead Ethereum staking ETF applications following regulatory clarity on liquid staking operations. Notably, VanEck’s JitoSOL proposal also represents the first entirely liquid staking token-backed fund, tracking tokens representing staked SOL on the Solana network.

A wave of XRP ETF amendments filed last week likely responded to SEC feedback, adjusting fund structures to accommodate both token and cash creations, as well as cash and in-kind redemptions. A wave of asset managers filed updated paperwork for spot XRP ETFs on Friday, signaling a renewed push to secure approval from the SEC. #ETFs #Crypto ￰0￱ — ￰7￱ (@cryptonews) August 23, 2025 Nate Geraci of The ETF Store called the synchronized filings “highly notable” and “a very good sign” for approval prospects. BlackRock, despite launching pioneering Bitcoin and Ethereum ETFs, confirmed no current plans for XRP ￰8￱ forward, as Alts continue their bullish trajectory, NoOne’s CEO, Ray Youssef, predicts that major cryptocurrencies, including SOL, XRP, and BNB, will attract huge capital ￰9￱ SOL specifically, Youssef, speaking with Cryptonews, noted that Solana treasury companies are lining up funds running into tens of billions to accumulate SOL.