Grayscale Seeks SEC Approval for Cardano and Polkadot ETFs

Grayscale Investments has officially filed S-1 documents with the US Securities and Exchange Commission (SEC) seeking approval for spot ETFs tracking both Cardano (ADA) and Polkadot (DOT). This move marks a significant expansion into the realm of altcoin ETFs, aiming to democratize crypto investment access for institutional investors in the United States. Coinbase Custody will secure the assets held by Grayscale’s new ETFs once approved.