Grayscale Files Spot Altcoin ETFs for ADA & HBAR, Eyes 2026
Grayscale has registered two new Delaware statutory trusts—the Grayscale Cardano Trust ETF and Grayscale Hedera Trust ETF—on August 12, marking its first steps toward spot altcoin ETF applications for ADA and HBAR. The filings follow SEC acknowledgments of 19b-4 proposals by NYSE Arca and Nasdaq and build on regulatory clarity from in-kind redemptions for BTC and ETH ETFs under Project Crypto. Formal S-1 submissions and SEC reviews could lead to spot altcoin ETF approvals in early 2026, boosting institutional demand, liquidity, and brokerage access for ADA and HBAR. Traders should monitor SEC updates, S-1 filings, and fund launches for Cardano ETF and Hedera ETF news, preparing for increased volatility and potential long-term price uptrends.
Bullish
The spot altcoin ETF filings signal a major regulatory milestone that could unlock significant institutional inflows into ADA and HBAR. In the short term, announcements and SEC review milestones may trigger volatility as traders react to updates. Over the longer term, ETF approvals typically boost liquidity, broaden retail access, and sustain upward price momentum. Historical precedents from BTC and ETH ETFs show that formal ETF launches drive fresh capital and improve market depth, supporting a bullish outlook for these altcoins.