ADA and DOT Brace for Action as Grayscale Pushes ETF Updates

TL;DR With four months left until this year’s end, the focus now switches to the US SEC as the deadlines for countless spot crypto ETF filings ￰0￱ the latest turn of events, Grayscale, the largest crypto-focused asset manager, has updated its applications for Cardano and Polkadot ETFs. New: @Grayscale submits S-1s for both their Cardano and Polkadot ￰1￱ had already submitted 19b-4s for each of these — so these aren’t brand new filings ￰2￱ — James Seyffart (@JSeyff) August 29, 2025 Cardano ETF Update According to data shared by Bloomberg’s ETF expert, James Seyffart, the S-1s for both Cardano and Polkadot ETFs are simply updates and not new filings, as the 19b-4s are already submitted.

S-1s are the official registration explaining how the ETF would work if ￰3￱ contain detailed information about the fund’s structure, how it will track the asset, risks, custodians, and fees, as well as the processes for redemption and ￰4￱ developments are likely related to the recent delays in decision-making by the US SEC and the deadline extension for numerous crypto ETFs. Still, Polymarket data shows that the crowd is highly optimistic about a spot ADA ETF reaching the US financial markets this ￰5￱ odds for such an approval stand at 87% after the recent dip to 63% in early ￰6￱ Cardano ETF Odds on Polymarket In terms of price action, ADA has felt the overall consequences of the broader market’s collapse in the past week, as it tumbled from over $0.96 to $0.81 earlier today.

However, it has recovered some ground and could resume its rally to and beyond $1 should the SEC indeed approve Cardano ETFs, and the demand for those products is as high as many ￰7￱ ETF Updates The landscape around Grayscale’s Polkadot ETF application is rather similar, as the asset manager has filed an S-1 registration form with the agency. DOT’s price has also mimicked the overall market performance as of late, losing 12% of value since Sunday in a drop from $4.3 to $3.75 before it recovered slightly to just under $3.8. The community is still bullish on the asset, especially if DOT ETFs are greenlighted in the US, predicting price pumps to $5, $10, and even $20 if certain favorable conditions are met. $DOT is currently trading around $3.73, supported by strong momentum and growing market ￰8￱ indicators point to the potential for an upward move toward the $20 level. #DOT @Polkadot ￰9￱ — ThomasReid (@ThomasReidBtc) August 30, 2025