Grayscale has registered the Cardano Trust ETF and Hedera Trust ETF in Delaware, leading to speculation about potential SEC filings.
ETF Registration in Delaware
The Delaware registration portal has recognized the Grayscale Cardano Trust ETF and Grayscale Hedera Trust ETF. This move may be a precursor to formal filings with the U.S. Securities and Exchange Commission (SEC).
Historical Context of the ETF Trend
Typically, such registrations indicate upcoming S-1 filings, necessary steps for launching an exchange-traded fund in the U.S. The SEC has previously acknowledged some of Grayscale's filings, showing growing interest in these products.
Prospects for the Alternative ETF Market
With rising interest in altcoin ETFs, Grayscale is expanding its offerings beyond Bitcoin and Ethereum. The success of Bitcoin and Ethereum ETFs is driving asset managers to focus on alternative cryptocurrencies.
Grayscale's Delaware registrations signal a growing interest in altcoin ETFs, and if SEC filings follow, Cardano and Hedera could become some of the first publicly traded altcoin ETFs in the U.S.
