30-8-2025 – Grayscale Investments has submitted an S-1 registration statement to the U.S. Securities and Exchange Commission to launch an exchange-traded fund focused on Polkadot (DOT) and Cardano (ADA), aiming to broaden crypto investment options for institutional and retail investors. The filing, first reported by CoinDesk, marks Grayscale’s latest effort to expand its digital asset product lineup beyond Bitcoin and Ethereum, tapping into the growing interest in layer-1 blockchain protocols.
Polkadot, known for its interoperability-focused ecosystem, and Cardano, recognized for its research-driven approach to scalability and sustainability, are among the top altcoins by market capitalization. The proposed ETF would provide investors exposure to these assets without direct custody, potentially driving mainstream adoption. Grayscale’s move follows its successful Bitcoin and Ethereum ETFs, which have attracted significant inflows since their approvals.
