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Grayscale Files for Polkadot and Cardano ETFs with the SEC

Grayscale Files for Polkadot and Cardano ETFs with the SEC

Grayscale seeks SEC approval for exchange-traded funds tracking Polkadot (DOT) and Cardano (ADA), expanding its portfolio of single-asset crypto products.

ADA
DOT

Fact Check
Multiple sources, including Yahoo Finance, etf.com, and CryptoBriefing, explicitly corroborate that Grayscale has filed applications with the SEC for ETFs based on both Polkadot (DOT) and Cardano (ADA). The evidence references specific filings such as S-1s and 19b-4s.
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Summary

Grayscale has submitted an S-1 registration statement with the SEC to launch exchange-traded funds (ETFs) for Polkadot (DOT) and Cardano (ADA). The proposed Polkadot ETF would list on Nasdaq under the ticker DOT, while the Cardano ETF would trade on NYSE Arca as GADA. Both ETFs are passive and will hold assets in custody with Coinbase.

Terms & Concepts
  • ETF: An exchange-traded fund is an investment vehicle that holds assets and trades on exchanges, allowing investors to buy shares in the fund without directly owning the underlying assets.
  • 19b-4 filing: A type of filing with the SEC required for changes to exchange rules, including new listings or products, such as ETFs.
  • CoinDesk Reference Rates: Industry benchmarks for cryptocurrency prices, used to track the performance of specific assets like Polkadot and Cardano.