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Grayscale Files S-1s for Polkadot and Cardano Spot ETFs

The SEC will now review the proposals as part of a crowded slate of altcoin ETF bids.

Overview

  • The proposed Polkadot fund would list on Nasdaq under the ticker DOT and track the CoinDesk DOT CCIXber Reference Rate.
  • The Cardano product is slated for NYSE Arca under the ticker GADA and would follow the CoinDesk Cardano Price Index.
  • Both vehicles are passive, hold the underlying tokens in Coinbase custody, and do not use leverage or derivatives.
  • These S-1 submissions follow February 2025 19b-4 listing filings by Nasdaq for Polkadot and by NYSE Arca for Cardano.
  • ETF analyst James Seyffart described the move as a continuation of existing filings, with approvals and launch timing still pending.