Cardano ADA News: Grayscale’s ETF Proposal Begins SEC Review Process

In a significant development for the Cardano community, Grayscale’s proposal for a Cardano exchange-traded fund (ETF) has been officially acknowledged by the United States Securities and Exchange Commission (SEC). This marks the commencement of a crucial review period that could determine the future of Cardano-based ETFs in the U.S. market.

Grayscale’s Cardano ETF Proposal Acknowledged by SEC

The United States Securities and Exchange Commission has officially acknowledged NYSE Arca’s filing for a spot Cardano exchange-traded fund. This marks the beginning of the review process, where the SEC will decide whether to approve or reject the ETF. A 240-day review window begins once the filing is published in the Federal Register, which typically occurs within a few days of the SEC’s acknowledgement. NYSE Arca initially filed the proposal earlier this month, marking the 60th crypto ETF filing so far this year.

Cardano (ADA) Price Analysis: Bullish or Bearish Trend for February 25

Cardano (ADA) has seen significant price fluctuations, with a 13% drop in the past 24 hours. As of February 25, 2025, ADA is trading at $0.67, nearing a critical support level of $0.65. The surge in trading volume by 110% indicates heightened market activity. Technical analysis presents a mixed outlook, suggesting a potential sharp reversal or continued downtrend.

Analyst Sees Major Breakout Ahead for Cardano (ADA)

Cardano (ADA) has been under pressure recently, struggling to maintain key price levels and dipping below $0.70. Concerns over a potential bear market have many investors on edge. However, market analyst Dan Gambardello remains optimistic, believing that ADA’s recent price retracement is part of a broader cycle that will ultimately lead to an uptrend, suggesting that the cryptocurrency is entering a new price era.

The Remarkable Plunge: Cardano’s Price Teeters on the Edge

Cardano (ADA) faces significant market challenges, with its price nearing recent lows amid market turbulence. ADA is trapped in a descending channel, indicating a bearish trend reinforced by formidable resistance levels. The Ichimoku Cloud analysis presents persistent resistance, thwarting potential price recovery. On-chain data shows an increase in the Mean Dollar Invested Age, suggesting investors are holding rather than trading ADA. Trading activity remains low, dampening hopes for a bullish market reversal. The price dropping below $0.70 signals further potential declines, with fears of hitting $0.32. The Awesome Oscillator indicates ongoing bearish sentiment, emphasizing the precarious state of ADA. The situation underscores the volatile and uncertain nature of cryptocurrency investments.