Grayscale Seeks SEC Approval for Polkadot and Cardano ETFs: A Move Towards Expanded Institutional Access

Grayscale Investments has taken a crucial step in expanding access for institutional investors to the crypto market by filing registration statements with the U.S. Securities and Exchange Commission (SEC) for spot exchange-traded funds (ETFs) focused on Polkadot (DOT) and Cardano (ADA). This move marks a significant development, broadening Grayscale’s offerings beyond Bitcoin and Ethereum. The ETFs will be listed on Nasdaq and NYSE Arca respectively, with Coinbase serving as custodian to ensure secure asset storage.