Grayscale Registers Cardano and Hedera ETF Statutory Trusts in Delaware

Grayscale, a major U.S. cryptocurrency asset management company, has registered two investment trusts, the 'Grayscale Cardano Trust ETF' and the 'Grayscale Hedera Trust ETF', as statutory trusts on the official corporate registration portal of Delaware State on the 12th. Such registrations are often conducted as preliminary steps before submitting an S-1 (Securities Registration Statement) to the U.S. Securities and Exchange Commission (SEC). In the realm of cryptocurrency ETFs (Exchange Traded Funds), it is common to first establish a statutory trust in Delaware, then base the SEC S-1 submission on this trust, and concurrently pursue listing...