Grayscale Cardano Trust ETF

S-1/A amended

The Grayscale Cardano Trust ETF (the 'Trust') is a Delaware statutory trust issuing Shares representing ownership in ADA, a digital asset on the Cardano Network. The Trust aims to list Shares on NYSE Arca under the symbol 'GADA' and track ADA's value, less expenses. Shares are created and redeemed in Baskets of 10,000 units, with current cash-based transactions pending potential future in-kind approvals. The Trust is an emerging growth company with reduced reporting requirements.

S-1 filed

The Grayscale Cardano Trust ETF (GADA) is a Delaware statutory trust seeking to list on NYSE Arca, offering investors exposure to ADA (Cardano's native cryptocurrency) through fractional undivided beneficial interests. The Trust is sponsored by Grayscale Investments Sponsors, LLC and Grayscale Operating, LLC, with CSC Delaware Trust Company as trustee. The ETF aims to track the value of ADA held by the Trust, less expenses, and is structured to issue Baskets of 10,000 Shares. The Trust has not yet received SEC approval for its 19b-4 Application to list on NYSE Arca, and in-kind creation/redemption of Shares depends on regulatory approval. The offering includes risks related to cryptocurrency volatility, lack of regulatory protections, and uncertainties around market adoption.