Grayscale Investments has submitted registration statements for Cardano and Polkadot Exchange-Traded Funds (ETFs) with the SEC, aiming to expand beyond Bitcoin and Ethereum. These filings seek approval from NYSE Arca and Nasdaq, potentially increasing institutional access to ADA and DOT. 19b-4 submissions were already made as part of regulatory compliance. The move could significantly impact market liquidity and adoption, offering new investment opportunities for both institutional and retail investors pending regulatory approval. Grayscale’s ETFs will be passively managed and custody assets directly through Coinbase, increasing liquidity in the process. This filing aligns with past successful Bitcoin and Ethereum ETF approvals, potentially leading to wider acceptance of altcoin-based ETFs. The market may experience volatility as investors anticipate regulatory action.