Grayscale Investments, a leading digital asset management firm, has ramped up its focus on Cardano (ADA), signaling a significant shift in institutional interest. The firm has not only accumulated substantial ADA holdings but has also filed for a spot Cardano Exchange-Traded Fund (ETF) with the U.S. Securities and Exchange Commission (SEC). If approved, this ETF would list on the New York Stock Exchange (NYSE), offering investors regulated exposure to ADA without requiring direct ownership of the cryptocurrency.
BREAKING
— Nala (@NALAp20) March 13, 2025
Grayscale is accumulating more cardano
The chances of an ADA ETF have jumped from 20% to 70%
Is the $ADA ETF closer than we think? pic.twitter.com/xSURBIZ24E
SEC’s Acknowledgment and Review Timeline
On February 24, 2025, the SEC officially acknowledged Grayscale’s ETF application, triggering a 240-day review period. During this time, the regulatory body will assess the proposal before reaching a final decision, expected by October 2025. This acknowledgment marks a crucial step in the potential approval process.
Rising Odds of ADA ETF Approval
Before the SEC’s acknowledgment, market analysts estimated the likelihood of approval at just 20%. However, with the acknowledgment now in place, optimism has surged, with approval odds climbing to 70%. This increase reflects the growing belief that the SEC may be more receptive to cryptocurrency ETFs following the successful launch of Bitcoin and Ethereum spot ETFs.
Market Reaction: ADA Price Surge
The market has responded positively to Grayscale’s ETF filing. ADA’s price saw an immediate 15% surge, briefly reaching $0.82 before stabilizing around $0.79. However, as of the latest report, ADA trades at $0.7184, reflecting a 2.28% dip over the past 24 hours. This price movement indicates that investors are closely monitoring regulatory developments and their potential impact on ADA’s long-term value.
Should the SEC approve Grayscale’s Cardano ETF, it would mark a pivotal moment for both ADA and the broader crypto market. Institutional and retail investors would gain a secure and regulated avenue to invest in Cardano, potentially leading to increased liquidity, broader adoption, and enhanced market stability.
Also Read: Nasdaq’s Grayscale Hedera ETF Filing Sparks HBAR Surge – What’s Next for the Price?
Grayscale’s aggressive accumulation of ADA and its pursuit of an ETF highlight a deepening institutional interest in Cardano. As the SEC review process unfolds, the crypto community remains watchful, anticipating whether ADA will join the ranks of cryptocurrencies with an approved spot ETF, solidifying its position in mainstream finance.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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