Altcoins News
By Steven Anderson
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Grayscale Investments is advancing its ambitions in the cryptocurrency ETF market by initiating a key step toward potential spot exchange-traded funds for Cardano (ADA) and…
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The filings, dated August 12, 2025, organize both entities as general statutory trusts — a structure the company has consistently used in the early stages of its ETF launches.
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Industry observers note that these Delaware registrations align with prior steps taken for other digital asset funds, making them a likely precursor to formal SEC filings.
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The registrations for Cardano and Hedera mark the first time Grayscale has formally moved toward ETF products for these two altcoins within Delaware.
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Beyond these filings, Grayscale has recently introduced two new trusts providing exposure to tokens from blockchain projects DeepBook and Walrus, both of which operate on the Sui…
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This expanding product portfolio indicates a clear push by U.S.-based asset managers to enter the regulated altcoin ETF space.
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Cardano is widely recognized for its research-first approach to blockchain technology, emphasizing academic peer review and methodical development.
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Hedera, by contrast, uses a hashgraph consensus mechanism rather than a traditional blockchain.
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If spot ETFs for ADA and HBAR gain approval, they could offer new, regulated entry points for investors who prefer to gain exposure to these assets without directly holding tokens.
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Favorable Shifts in the Regulatory Climate
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Recent developments in the U.S. regulatory environment appear to be creating more favorable conditions for altcoin ETFs.
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Moreover, the SEC and the Commodity Futures Trading Commission are working jointly on an initiative dubbed “Project Crypto.
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Market strategists believe that once classification issues are settled, the path will be more open for regulated investment vehicles covering a wider range of digital assets.
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Grayscale’s ETF strategy is part of a larger plan to expand its market presence across both retail and institutional segments. In July, the company confidentially filed for a U.S.
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The Delaware trust registrations for Cardano and Hedera come as Grayscale continues to position itself as a first mover in the altcoin ETF space.
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