Crypto Investing May Undergo Transformation with Possible ETFs Backed by Cardano and Hedera
Grayscale Files for Cardano and Hedera ETFs, Signaling a Shift in the Crypto Industry
Grayscale Investments, a leading digital asset manager, has filed to register Exchange-Traded Funds (ETFs) for Cardano (ADA) and Hedera (HBAR) in Delaware. If approved by the Securities and Exchange Commission (SEC), investing in these cryptocurrencies could become as easy as buying a stock.
For everyday investors, this move makes altcoins more approachable. If approved, ADA and HBAR ETFs would allow retail investors to gain regulated, straightforward exposure to these cryptocurrencies through traditional brokerage accounts without needing to directly hold or manage crypto wallets. This greater accessibility could result in increased participation from more people, leading to a livelier market.
The filings also signify improved liquidity and market participation. ETFs typically increase liquidity in the underlying assets, which could translate to tighter spreads and potentially more price stability for ADA and HBAR. Moreover, ETFs simplify investment in crypto assets, making it easier for institutions and individuals who are hesitant to use unregulated exchanges to participate.
For the crypto market, this move reflects growing institutional acceptance and regulatory consideration of altcoins as investable asset classes, beyond just Bitcoin and Ether. It also coincides with broader regulatory initiatives such as the SEC and CFTC’s collaboration (Project Crypto) which aims to clarify digital asset classifications, possibly accelerating ETF approvals in the near future. A successful launch would mark a milestone in the maturation of crypto financial products and could encourage further innovation and product development in the sector.
Grayscale’s approach of first registering Delaware trusts is a well-established pattern preceding formal SEC submissions. The fact that 19b-4 forms for Cardano and Hedera spot ETFs have already been acknowledged by the SEC in 2025 underscores that the regulatory review phase is underway.
In summary, while these filings do not guarantee SEC approval, they represent a strategic move by Grayscale to expand regulated crypto ETF offerings to altcoins like ADA and HBAR, which could provide retail and institutional investors with easier, more secure ways to access these assets and potentially enhance liquidity and market stability for these tokens. The SEC's approval of these ETFs could bring more users, more trading, and an overall smoother experience for those interested in cryptocurrency.
Grayscale's continued offering of ETFs for various cryptocurrencies is quietly reshaping the industry, one ETF at a time. The filing in Delaware is the first step towards making Cardano and Hedera accessible to a broader audience. Grayscale is taking advantage of the moment to bring altcoins closer to everyday investors, signaling a significant shift in the crypto industry.
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