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- 🎉 Hey Gate Square friends! Non-stop perks and endless excitement—our hottest posting reward events are ongoing now! The more you post, the more you win. Don’t miss your exclusive goodies! 🚀
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August 11 – 20, 2025
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4. Submissions must be original and comply with community guidelines. Plagiarism or re - 🎉 The #CandyDrop Futures Challenge# is live — join now to share a 6 BTC prize pool!
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Preparation of ETF for two altcoins by Grayscale: Registration created
Grayscale, which has ETF for Bitcoin and Ether but has also applied to the SEC for many altcoins, is preparing to take steps for two more cryptocurrencies. The company has recently registered in the state of Delaware for two new spot ETFs based on Cardano and Hedera.
What does it mean?
As is known, these records in the state of Delaware, which many companies choose as the place to register their funds, are seen as a legal preparatory step for ETFs. Following this registration, companies also submit the official ETF application to the (SEC).
Grayscale has reached agreements with NYSE Arca (Cardano) and Nasdaq (Hedera) for two altcoin funds, and the SEC also accepted the 19b-4 forms of the two exchanges. To clarify further; NYSE Arca and Nasdaq had submitted these applications to the SEC to include them in their respective listings. The registration in Delaware is also a step towards establishing the legal framework for these ETFs...
Previously, Grayscale had only registered for Bitcoin and Ethereum ETFs in Delaware. Cardano and Hedera were the first in this regard.
Grayscale also created funds for two tokens of the SUI blockchain, DeepBook and Walrus, yesterday.
Published: August 13, 2025 08:35Last Updated: August 13, 2025 08:53