Grayscale Investments is making a significant move in the cryptocurrency ETF space by filing for new statutory trusts that could pave the way for spot exchange-traded funds (ETFs) for <b><a href="https://www.cryptoknowmics.com/news/cardanos-midnight-network-launches-multi-chain-airdrop/">Cardano</a> (ADA)</b> and <b>Hedera (HBAR)</b>. The company, a major player in digital asset management, has registered the "Grayscale Cardano Trust ETF" and the "Grayscale Hedera Trust ETF" in Delaware. This action follows a familiar pattern that often precedes an official S-1 filing with the SEC, indicating a serious intent to launch these products. This development is seen as part of a broader trend among U.S. asset managers to expand their offerings beyond Bitcoin and Ether.
<h2>A Shifting Regulatory and Market Landscape</h2>
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The timing of these filings is particularly noteworthy, coinciding with a more favorable regulatory environment. The SEC has recently approved <b>in-kind redemption mechanisms</b> for spot Bitcoin and Ether ETFs, a move that has encouraged further filings. Additionally, a joint effort between the SEC and CFTC, known as "Project Crypto," is underway to provide greater clarity on how various digital assets are classified under U.S. law. If approved, the Grayscale ETFs for Cardano and Hedera would not only boost liquidity and market engagement for both tokens but also provide institutional investors with new, regulated avenues to gain exposure to these specific assets. Grayscale has also confidentially filed for a U.S. initial public offering, further signaling its aggressive growth strategy in the digital asset sector.

Grayscale Files for Spot Cardano and Hedera ETFs

Grayscale has filed for two new statutory trusts, indicating plans to launch spot ETFs for Cardano and Hedera, a major move for altcoins.

Grayscale Files for Spot Cardano and Hedera ETFs

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