With the US SEC deadline looming, Grayscale’s latest move on Cardano and Polkadot ETFs signifies a shift in focus towards regulatory approvals. While not entirely new filings, these updates to existing applications signal continued effort for spot-based crypto exchange-traded fund (ETF) listings. 🎧 🎙️ James Seyffart (@JSeyff), an ETF expert, highlights that Grayscale has merely resubmitted the necessary S-1s for both Cardano and Polkadot ETFs. These documents outline how the fund would operate if approved, detailing structure, asset tracking methods, potential risks, custodians, fees, redemption processes, and more. 📑 The delay in SEC decisions regarding numerous crypto ETF applications has fueled speculation on a possible approval of ADA and DOT ETFs this year. Notably, Polymarket data shows bullish sentiment for these products with ADA’s odds reaching 87%, even after a recent dip to 63%. Meanwhile, DOT’s price is mirroring the broader market’s performance, losing about 12% since Sunday. However, it’s expected that positive market movements and favorable regulatory decisions could see both asset prices reach new highs. 🚀 The article explores Grayscale’s ETF application strategy and its potential impact on ADA & DOT prices. #Crypto #DeFi #ETF