The post SEC Accepts Grayscale’s Cardano ETF Filing – Decision Expected by August 2025! appeared first on Coinpedia Fintech News The U.S. Securities and Exchange Commission (SEC) has officially started reviewing Grayscale’s proposal for a Cardano (ADA) exchange-traded fund (ETF). This comes after NYSE Arca submitted a request to the SEC to list and trade shares of the Grayscale Cardano Trust on the stock exchange, and a decision is expected within 180 days. Cardano ETF Review Begins The SEC has officially accepted NYSE Arca’s request to list and trade shares of the Grayscale Cardano Trust. This means the review process has now started, and the SEC will decide whether to approve or reject the Cardano ETF. The decision is expected by August 2025. The acknowledgment came on February 24, 2025, after NYSE Arca first submitted the proposal on February 10, 2025. If approved, this ETF would give investors a way to invest in Cardano (ADA) through a regulated platform. With this ETF, investors could buy and sell shares that track the price of ADA without needing to hold the cryptocurrency themselves. This would make it easier for more people to gain exposure to Cardano in a secure and regulated way. Higher Chances of ETF Approval The chances of a Cardano ETF getting approved in 2025 have increased, with Polymarket, a decentralized prediction platform, now showing a 62% likelihood . This is a significant rise from 51% in January. Meanwhile, the SEC’s acknowledgment of multiple crypto ETF filings, including Grayscale’s XRP ETF, has contributed to this growing optimism. Market sentiment has shifted in favor of approval as institutional interest in crypto continues to rise. If approved, the Cardano ETF would open doors for more traditional investors to enter the ADA market. Impact on Cardano’s Price A Cardano ETF could have a positive effect on ADA’s price by attracting institutional investors and increasing demand. Analysts believe that if ADA maintains support between $0.67 and $0.81, it could see further gains. However, if it drops below this range, the price could face downward pressure. As of now, Cardano is priced at $0.68 , with a market cap of $24.16 billion. Its trading volume has surged by 81.15%, reaching $1.08 billion.
