Grayscale registers Cardano, Hedera Trust ETF entities in Delaware, signaling potential S-1 filings

Grayscale Investments has registered two new Delaware statutory trusts named Grayscale Cardano Trust ETF and Grayscale Hedera Trust ETF, a procedural step that typically precedes formal exchange-traded fund applications in the United States. The filings, dated August 12 and recorded on Delaware’s corporate registry, organize both vehicles as general statutory trusts and mirror the legal setup Grayscale has previously used before pursuing ETF launches for other crypto assets. Market trackers and industry commentary interpret these registrations as positioning for potential spot Cardano (ADA) and spot Hedera (HBAR) ETFs, likely followed by S‑1 registration statements with the U.S. Securities and Exchange Commission (SEC). This move fits into a broader U.S. trend of asset managers expanding beyond bitcoin and ether into altcoin-based products, following earlier SEC acknowledgments of 19b‑4 filings for proposed Cardano and Hedera spot products on NYSE Arca and Nasdaq. If Grayscale proceeds to S‑1 filings and ultimately secures SEC approval, ADA and HBAR would gain new regulated access points for institutional and retail investors, potentially deepening liquidity and integrating these networks more firmly into mainstream portfolio strategies. The registrations also extend Grayscale’s altcoin product lineup, which already includes trusts for assets such as Dogecoin, Filecoin, Avalanche, and Bittensor, signaling an ongoing push to broaden its exposure across major non-bitcoin, non-ether blockchains.

✨ AI-generated background, compiled from web sources — not editorial content.

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• S-1 - SEC.gov (sec.gov)

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