Grayscale Registers Cardano and Hedera Trusts in Delaware

On August 12, 2025, Grayscale officially registered the Grayscale Cardano Trust ETF and Grayscale Hedera Trust ETF in Delaware. This move signals a potential shift towards S-1 filings for crypto ETF products, expanding beyond Bitcoin and Ethereum.

Grayscale is taking steps to enhance its investment offerings. The company, headed by Michael Sonnenshein, has not issued official statements regarding these filings. CSC Delaware Trust Company is noted as the registered agent in filings.

Market reactions to the registration remain moderate. Institutional and retail capital may eventually flow to ADA and HBAR through these trusts, potentially boosting exposure. Both assets stand to gain if trading commences post regulatory approvals.

However, no immediate funds have been allocated nor on-chain fluctuations detected. The step towards an ETF launch hinges on further regulatory filings and approvals. Meanwhile, the market impact on ADA and HBAR remains speculative.

Historical data indicates that similar trust registrations, such as GBTC and ETHE, brought increased market attention only post-launch. ADA and HBAR may similarly benefit, but current data shows no immediate shift in token activity.

Potential outcomes include increased institutional interest in altcoins. Regulatory filings will be the next step, likely influencing market behavior.

Currently, only the filings themselves can serve as primary sources of information. For further updates and potential quotes, the situation should be monitored as events unfold.

No direct statements from key figures or prominent cryptocurrency leaders have surfaced regarding these steps.