Overview

• If approved, the Polkadot fund would list on Nasdaq under ticker DOT and the Cardano fund on NYSE Arca as GADA.
• Both ETFs are structured as passive vehicles that hold the underlying tokens with Coinbase custody and track CoinDesk Indices benchmarks without using leverage or derivatives.
• The trusts were formed as Delaware Statutory Trusts on August 12 and plan cash-only creations and redemptions in 10,000-share baskets, with in-kind transactions unavailable unless regulators later allow them.
• Staking is permitted only if defined conditions are met, and the Polkadot trust contemplates staking up to roughly 85% of assets with a 28-day unbonding period that may constrain liquidity.
• The filings sit within a large pipeline of altcoin ETF applications under SEC review, as prediction markets price higher approval odds even as the Cardano prospectus warns that an SEC security classification for ADA could materially harm or terminate the trust.