Grayscale Files for Cardano ETF After Solana, XRP & Dogecoin Applications
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February 11, 2025 5:06 PM
In Brief:
Grayscale seeks SEC approval for a Cardano (ADA) ETF, following its filings for Solana, XRP, and Dogecoin ETFs.
ADA price surged 12% to $0.748 after the ETF news, making it the biggest gainer among top 10 cryptos.
Grayscale Investments has officially filed for a Cardano (ADA) ETF, aiming to list it on the NYSE. If approved, this would be the first-ever ETF for the Cardano blockchain, adding to Grayscale’s existing lineup of Bitcoin and Ethereum ETFs.
The Cardano ETF filing follows Grayscale’s applications for Solana, XRP, and Dogecoin ETFs, signaling growing institutional interest in altcoin investment products. With only Bitcoin and Ethereum spot ETFs approved so far, the crypto community is eagerly awaiting the SEC’s next move.
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