Grayscale Files for Polkadot and Cardano Spot ETFs in Latest SEC Push

Asset manager Grayscale is expanding its lineup of crypto ETFs in altcoins, filing S-1 registration statements with the SEC to launch new single-asset products.

Demand for diversified crypto investment products is picking up. Here’s what you need to know.

The crypto asset manager plans to offer a Polkadot (DOT) ETF trading on Nasdaq under the ticker DOT, which will track the CoinDesk DOT Reference Rate, and a Cardano (ADA) ETF listed on NYSE Arca as GADA, following the CoinDesk Cardano Price Index.

Notably, both ETFs are passive, holding the crypto directly in Coinbase custody, without leverage or derivatives. These filings come after earlier regulatory submissions in February 2025, when Nasdaq and NYSE Arca applied to list the products

Bloomberg analyst James Seyffart notes that the company had already filed 19b-4s for these, so these S-1s are the next steps, and not brand-new filings.

New: @Grayscale submits S-1s for...

6.59K

The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.