ADA and DOT Brace for Action as Grayscale Pushes ETF Updates

TL;DR

• With 4 months left till this 12 months’s finish, the main target now switches to the US SEC because the deadlines for numerous spot crypto ETF filings method.
• Within the newest flip of occasions, Grayscale, the biggest crypto-focused asset supervisor, has up to date its functions for Cardano and Polkadot ETFs.

New: @Grayscale submits S-1s for each their Cardano and Polkadot ETFs. They’d already submitted 19b-4s for every of those — so these aren’t model new filings pic.twitter.com/JtcVBiKU2T

— James Seyffart (@JSeyff) August 29, 2025

Cardano ETF Replace

Based on knowledge shared by Bloomberg’s ETF skilled, James Seyffart, the S-1s for each Cardano and Polkadot ETFs are merely updates and never new filings, because the 19b-4s are already submitted. S-1s are the official registration explaining how the ETF would work if greenlighted.

They comprise detailed details about the fund’s construction, the way it will monitor the asset, dangers, custodians, and charges, in addition to the processes for redemption and creation.

These developments are seemingly associated to the latest delays in decision-making by the US SEC and the deadline extension for quite a few crypto ETFs.

Nonetheless, Polymarket knowledge exhibits that the group is extremely optimistic a few spot ADA ETF reaching the US monetary markets this 12 months. Present odds for such an approval stand at 87% after the latest dip to 63% in early August.

By way of worth motion, ADA has felt the general penalties of the broader market’s collapse up to now week, because it tumbled from over $0.96 to $0.81 earlier immediately. Nevertheless, it has recovered some floor and could resume its rally to and past $1 ought to the SEC certainly approve Cardano ETFs, and the demand for these merchandise is as excessive as many hope.

DOT ETF Updates

The panorama round Grayscale’s Polkadot ETF utility is relatively comparable, because the asset supervisor has filed an S-1 registration kind with the company. DOT’s worth has additionally mimicked the general market efficiency as of late, dropping 12% of worth since Sunday in a drop from $4.3 to $3.75 earlier than it recovered barely to simply beneath $3.8.

The neighborhood continues to be bullish on the asset, particularly if DOT ETFs are greenlighted within the US, predicting worth pumps to $5, $10, and even $20 if sure favorable circumstances are met.

$DOT is at present buying and selling round $3.73, supported by robust momentum and rising market curiosity. Technical indicators level to the potential for an upward transfer towards the $20 stage. #DOT @Polkadot pic.twitter.com/nEHWB0H37v

— ThomasReid (@ThomasReidBtc) August 30, 2025