Grayscale Secures Trusts for Cardano and Hedera: Signals Potent Spot ETF Launch

Grayscale Investments, a leading cryptocurrency asset manager, has taken a significant step towards bringing regulated spot ETFs for altcoins to market. The company has registered two new statutory trusts in Delaware, one for Cardano (ADA) and another for Hedera (HBAR). These filings are considered a clear indication of Grayscale’s intent to file for spot ETFs based on both these cryptocurrencies soon.