Grayscale Seeks Approval for ADA and DOT ETFs Amid Market Hesitation

Grayscale Investments is pushing forward with its ambitious goal of launching exchange-traded funds (ETFs) for Cardano (ADA) and Polkadot (DOT). The company has submitted updated S-1 registration statements to the SEC, aiming to launch these products on Nasdaq and NYSE Arca by August 29, 2025. This move comes amidst uncertainty in the market, with low trading activity potentially hindering investor enthusiasm for ADA and DOT.