Grayscale Registers Cardano, Hedera Trust ETFs in Delaware: A Procedural Step With Potential Market Implications

Grayscale has taken a significant step toward launching trust funds for Cardano and Hedera, registering them as statutory trusts in Delaware on August 12, 2025. This legal move signifies potential Securities and Exchange Commission (SEC) filings but hasn’t yet triggered immediate market reactions. The registration process is procedural, and while it could pave the way for broader investor access to these assets, its current impact remains minimal.