Catenaa, Wednesday, August 13, 2025- Grayscale has added the Cardano Trust ETF and Hedera Trust ETF to Delaware’s official registration portal, signaling possible upcoming S-1 filings with the Securities and Exchange Commission.
These registrations often precede formal S-1 filings, as seen with Grayscale’s previous altcoin ETF efforts.
The SEC has acknowledged NYSE Arca’s filing for Grayscale’s spot Cardano ETF and Nasdaq’s filing for the Hedera ETF earlier this year.
This marks Grayscale’s first altcoin ETF trust registrations on Delaware’s portal, joining existing trusts for Dogecoin, Filecoin, Avalanche, and Bittensor.
The Block has contacted Grayscale for comment on the new registrations.
On the same day, Grayscale launched two new investment trusts for DeepBook and Walrus, tokens linked to trading and data infrastructure within the Sui blockchain ecosystem.
U.S. investment firms continue to push for altcoin-based ETFs following the success of bitcoin and ether funds, encouraged by regulatory progress. The SEC’s approval of in-kind redemptions for spot BTC and ETH ETFs is seen as a positive development.
The SEC and Commodity Futures Trading Commission are advancing “Project Crypto,” aiming to clarify regulatory frameworks around which cryptocurrencies qualify as securities. This initiative addresses key concerns that have slowed crypto-related filings.
