Cardano ADA News: Grayscale Files for Cardano ETF, Signaling Expansion into Regulated Crypto Investments
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Grayscale, a prominent crypto asset manager, has officially filed for a Cardano exchange-traded fund (ETF) with the New York Stock Exchange, indicating a notable step towards regulated cryptocurrency investments. This move aligns with a broader trend of asset managers submitting ETF applications for various altcoins, encouraged by the former President Donald Trump's support for cryptocurrencies.
Grayscale Files For Spot Cardano ETF, Pushing Regulated Crypto Investments
On Feb. 10, crypto asset manager Grayscale officially filed for a Cardano exchange-traded fund (ETF) with the New York Stock Exchange, marking a significant expansion into regulated crypto investments. The move comes as asset managers, emboldened by President Donald Trump’s embrace of crypto, have been actively filing ETF applications for various altcoins including XRP, Solana, and Litecoin. Grayscale’s Cardano ETF, if approved, would be the first of its kind in the US and joins a growing list of crypto ETFs filed this year.
Cardano (ADA) Aims For $0.8119 As Confidence Grows
Cardano is showing renewed strength as bullish momentum builds, driving ADA closer to the $0.8119 resistance level. Buyers are beginning to take control, pushing the price higher and reinforcing Optimism in the market. Technical indicators are turning positive, suggesting a potential breakout if ADA can overcome key resistance zones.
Grayscale Files for Cardano ETF
US fund manager Grayscale, known for being one of the first Bitcoin and Ethereum ETF issuers, has filed for a Cardano ETF. If approved, it would mark the first Cardano ETF. The proposed ETF would be managed by the Delaware Trust Company and secured by Coinbase Custody Trust Company. The news has driven a 16% increase in Cardano's price, indicating a bullish market reaction. Such an ETF could potentially drive Cardano's price to new heights and set a precedent for other cryptocurrencies.
Cardano Founder Criticizes Toxic Governance Tactics, Warns of Burnout
Cardano founder Charles Hoskinson delivered a candid critique of what he described as constant unrelenting naked criticism and destructive tactics within the project’s governance discussions. His remarks were prompted by a community member's announcement to leave the Cardano ecosystem after dedicated work on governance initiatives.
