Grayscale Launches Two New Altcoin ETFs in Delaware, Signaling Growing Crypto Investment Options

Crypto asset manager Grayscale has taken a significant step forward in bringing more investment options to the table by registering two new exchange-traded funds (ETFs) for Cardano and Hedera. These registrations were filed in Delaware on August 12, 2025 and represent the firm’s first altcoin ETF filings, following their successful track record with trust structures for assets like Dogecoin, Filecoin, Avalanche, and Bittensor. These filings come before formal SEC submissions, suggesting that the approval process could be underway soon.