Crypto asset manager Grayscale has registered trusts for Cardano and Hedera in Delaware, signaling plans to launch ETFs tracking these assets’ spot prices. This move coincides with bullish technical formations in both cryptocurrencies as analysts anticipate SEC approval for ADA and HBAR ETFs. Grayscale sees immense potential for Cardano, reflected in the recent increase of its weighting within their Smart Contract Platform Fund. The firm also highlights a 90% likelihood that the SEC will approve an ADA ETF. This bullish sentiment is fueled by strong investor demand and chart patterns supporting Cardano’s upward trajectory. Similarly, Grayscale’s trust filing for Hedera signals a strategic move toward potential spot Hedera ETF approval. Institutional investors are increasingly drawn to Hedera due to its real-world asset (RWA) tokenization use cases. This, combined with increased interest from retail traders and institutional participation on Robinhood, has fueled the HBAR price rally. Both ADA and HBAR prices have seen significant increases following these news developments. Cardano’s price is currently trading above $0.871 after a 52% surge since June’s