Grayscale Investments registered the Grayscale Cardano Trust ETF and Grayscale Hedera Trust ETF as statutory trusts in Delaware on August 12, 2025. CSC Delaware Trust Company serves as the registered agent, confirming the filings via Delaware's Entity Name Search Portal.
This procedural step signals potential future S-1 filings but does not involve immediate fund allocation or management changes. CEO Michael Sonnenshein's firm has not issued official statements, and Cardano/Hedera communities remain silent. Market reactions are neutral, with no significant shifts in Total Value Locked (TVL) or liquidity observed.
Historically, Grayscale's Bitcoin and Ethereum trust registrations preceded lengthy SEC reviews before mobilizing institutional interest. Similar regulatory hurdles are expected here, as the SEC remains cautious about altcoin ETFs. Approval could broaden institutional access to ADA and HBAR, though trading requires SEC clearance.