Cardano ADA News: Grayscale Files for First Cardano (ADA) ETF in the US
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Grayscale Investments, a prominent crypto ETF issuer, has recently submitted a 19b-4 application to list a Cardano (ADA) exchange-traded fund (ETF) on the New York Stock Exchange (NYSE). This milestone marks the introduction of the first standalone ADA-based product in the United States.
Grayscale Files for First Cardano (ADA) ETF in the US
Crypto ETF issuer Grayscale Investments has recently filed a 19b-4 application to list a Cardano (ADA) exchange-traded fund (ETF) on the New York Stock Exchange (NYSE). This marks the first standalone ADA-based product in the US. The Cardano ETF is expected to attract significant investment, with ADA already reaching a 12% gain following the announcement. The token is now priced at $0.753 according to CoinGecko data.
Grayscale Seeks SEC Approval for First US Spot Cardano ETF
NYSE Arca, a division of the New York Stock Exchange (NYSE) Group, has submitted a filing to list a spot Cardano (ADA) exchange-traded fund (ETF) on behalf of crypto asset manager Grayscale. This initiative marks Grayscale’s effort to introduce ADA into the U.S. spot ETF market, broadening institutional exposure to digital assets beyond Bitcoin and Ethereum.
Grayscale Lists Cardano (ADA) ETF on NYSE, Seeking SEC Clearance
Grayscale has revealed the listing of an ADA ETF on the New York Stock Exchange, seeking clearance from the U.S. Securities and Exchange Commission. If approved, this would be the first standalone Cardano ETF offered by Grayscale, allowing investors to learn about ADA without dealing with coin storage.
Cardano Price Rallies 18%, Signaling Bullish Pattern
After several weeks of struggle, Cardano (ADA) has made a comeback with an 18% price rally, indicating a continuation of the bullish pattern. This positive price action offers hope to investors who have faced significant losses over the past month due to the downward trend in ADA prices. The recent shift towards profitable transactions suggests a change in market sentiment, with investors starting to recover from prior losses. The altcoin seems to be finding a stable support level, potentially indicating a reversal in the market trend.
