- Grayscale submits fresh S-1 filings for DOT and ADA ETFs.
- Cardano ETF approval odds surge to 87%, per Polymarket data.
- ADA price holds support, needs $0.88 breakout for next rally.
Grayscale Investments has filed fresh S-1 registration statements with the U.S. Securities and Exchange Commission (SEC) for Polkadot (DOT) and Cardano (ADA) exchange-traded funds (ETFs).
The filings follow up on previously submitted 19b-4 forms, meaning that Grayscale is formalizing spot product structures for both tokens, similar to the final steps taken before Bitcoin and Ethereum ETFs won approval.
Cardano ETF Odds Improve
According to Polymarket data, the probability of SEC approval for a Cardano ETF has jumped to 87% following Grayscale’s updated filing.
As for ADA price, the recent pullback below $0.88 is not surprising and ADA is still holding important support levels that keep the bullish case intact.
ADA Price Needs to Break $0.88 to Trigger the Next Rally
The main support area sits between $0.789 and $0.852. As long as ADA stays above this range, the possibility of another push higher remains on the table. If ADA dips below $0.812, however, it could signal a deeper correction toward $0.762.
For momentum to shift back in favor of buyers, ADA needs to break above $0.88. A clean breakout could trigger the next rally and open the door for a move toward the $1.10–$1.11 zone.
Why a Spot ETF is a ‘Make-or-Break’ Catalyst for Polkadot (DOT)
Polkadot already plays a role in powering real-world applications such as gaming, decentralized physical infrastructure (DePIN), decentralized AI (DeAI), coretime sales, and on-chain governance (OpenGov). An ETF would place DOT in front of mainstream capital, boosting visibility, liquidity, and validation.
An ETF could also be a big factor in helping DOT’s price because it makes access easier for both retail and institutional investors.
At the time of writing, DOT is trading around $3.80. Some experts see short-term targets around $4.00 – $5.70, but not a new all-time high this cycle. Since 2021, Polkadot’s price has been in decline despite constant upgrades, partnerships, and heavy marketing. It remains to be seen if an ETF could finally push the prices higher.
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