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...

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