Cardano ADA Soars as Grayscale Files for Delaware Trust Registration, Signaling ETF Potential

Grayscale Investments has taken a significant step toward launching a Cardano-focused exchange-traded fund (ETF) by registering the Grayscale Cardano Trust in Delaware. This strategic move leverages Delaware's favorable trust laws to establish the legal groundwork for a potential ADA ETF. Following the filing, Cardano's native token, ADA, surged by 15% to $0.987—marking its highest price point in five months. The development has sparked Optimism among investors, as it signals growing institutional interest in Cardano and its underlying blockchain technology. Analysts suggest that this could be a precursor to broader ETF approvals, further integrating ADA into mainstream financial markets. The timing aligns with Cardano's ongoing ecosystem upgrades, including scalability improvements and smart contract enhancements, which could bolster its case for regulatory approval. As of August 2025, the crypto community is closely watching how this filing progresses, with many anticipating a ripple effect across the altcoin market. Grayscale's initiative underscores the maturation of digital assets and their increasing convergence with traditional finance.

Grayscale Advances Cardano ETF Plans with Delaware Trust Registration

Grayscale Investments has formally initiated the process for a Cardano-focused exchange-traded fund by registering the Grayscale Cardano Trust in Delaware. The move, leveraging the state's favorable trust laws, establishes the legal framework required for a potential ADA ETF. Cardano's price reacted positively, climbing 15% to $0.987 following the filing—its highest level in five months.

The Delaware registration represents a procedural milestone rather than regulatory approval. Grayscale must now demonstrate compliance with SEC requirements including market surveillance protocols, custody solutions, and investor protections. Successful navigation of these hurdles could position ADA as the next digital asset to gain mainstream investment vehicle status.

Institutional interest in Cardano's proof-of-stake blockchain appears to be growing, with the ETF filing coinciding with renewed momentum for crypto investment products. The CSC Delaware Trust Company will oversee the entity's legal structure during the application process.

Cardano’s Bullish Signals: ETF Prospects and Market Momentum

Cardano has reclaimed the $1 mark for the first time in five months, sparking speculation about its potential to transition from a promising altcoin to a market leader. The likelihood of an ADA-based ETF approval has surged to 80%, with Grayscale filing for both HBAR and ADA ETFs, potentially unlocking institutional investment.

Futures traders on Hyperliquid are more bullish on ADA than on XRP, Solana, ETH, and BTC, according to TapTools data. The Cardano network now boasts over 3.1 million ADA-holding wallets, underscoring its growing global appeal.

Technical analysis suggests ADA is poised for a breakout, with analyst Ali predicting a surge to $1.50 if resistance levels are breached. The current price structure mirrors previous cycles, albeit at a slower pace, hinting at the early stages of a significant rally.

Cardano Soars to $0.966 on Grayscale ETF Hopes and Major Network Upgrade: Is $1.50 Possible?

Cardano ($ADA) surged 9.9% to $0.966 as institutional interest and network upgrades fueled bullish momentum. Grayscale's filing for a cardano Trust ETF in Delaware on August 12 has sparked market optimism, with Polymarket odds favoring a 62% chance of SEC approval by 2025. ETFs are seen as a gateway for institutional capital, potentially mirroring Bitcoin's 2024 ETF trajectory.

The Cardano community has allocated ₳96 million ($71 million) for critical network enhancements, further strengthening the blockchain's fundamentals. Whale activity and technical resistance at key levels suggest a brewing battle between bulls and bears, but the broader narrative hinges on institutional adoption and ecosystem growth.

Cardano Hits 5-Month High as Bulls Regain Control

Cardano (ADA) has surged past the $1 mark for the first time in months, gaining over 20% in the past 24 hours. The breakout, from $0.8454 to $1.01, signals renewed bullish momentum after a prolonged downtrend.

ADA’s rally comes as traders spot a Golden Cross, when the 50-day moving average crosses above the 200-day, which historically has triggered explosive moves. In late 2024, this same pattern fueled a 236% rally, taking ADA from $0.39 to $0.93 in just 27 days. Applying similar gains to today’s prices points to a potential $3 target, a projection that has sparked excitement across the crypto community.

The immediate challenge for ADA is the $1.17–$1.18 resistance zone, which aligns with previous trendline caps. A decisive close above this range could open the path toward $1.24–$1.43. Analysts also highlight $1.50 and $2.00 as key psychological checkpoints before any $3 attempt.

Momentum indicators are reinforcing the bullish outlook. The RSI has crossed above 50, while the MACD has made a bullish crossover, signals that previously led to rallies exceeding 170%. Historical patterns suggest that even a moderate follow-through could lift ADA toward $2.06 in the coming months.

Support remains firm NEAR $0.84, a level where buyers have consistently stepped in. As long as ADA holds above this zone, analysts expect further upside.