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TimesTabloid 2025-03-13 09:38:11

Grayscale Accumulates More Cardano (ADA). Is ADA ETF Approval on the Horizon?

Grayscale Investments, a leading digital asset management firm, has recently intensified its focus on Cardano (ADA). This heightened interest is evident through their substantial accumulation of ADA tokens and their strategic move to file for a spot Cardano Exchange-Traded Fund (ETF) with the U.S. Securities and Exchange Commission (SEC). This filing aims to list the Cardano ETF on the New York Stock Exchange (NYSE), providing investors with regulated exposure to ADA without the need to directly hold the cryptocurrency. BREAKING 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 — Nala (@NALAp20) March 13, 2025 SEC’s Acknowledgment and Review Process The SEC officially acknowledged Grayscale’s Cardano ETF proposal on February 24, 2025. This acknowledgment initiates a 240-day review period, during which the SEC will evaluate the application before making a final decision. Consequently, a determination regarding the approval or rejection of the ETF is anticipated by October 2025. Increased Probability of ADA ETF Approval The acknowledgment of Grayscale’s application by the SEC has significantly bolstered the perceived likelihood of the ADA ETF’s approval. Before this development, market analysts estimated the approval odds at approximately 20%. However, following the SEC’s acknowledgment, these odds have surged to around 70%, reflecting growing optimism within the investment community. Market Response and ADA Price Surge The market has responded positively to these developments. Following the news of Grayscale’s ETF filing, ADA’s price experienced a notable increase, surging by approximately 15% to reach $0.82 before stabilizing around $0.79. This price movement underscores investor optimism regarding ADA’s prospects and the potential approval of the ETF. As of report time. ADA trades at $0.7184, exhibiting a 2.28% dip in 24 hours. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Implications of a Cardano ETF Approval The approval of a Cardano ETF would mark a significant milestone for the cryptocurrency industry. It would provide institutional and retail investors with a regulated avenue to gain exposure to ADA, potentially attracting substantial capital inflows into the Cardano ecosystem. Such a development could enhance ADA’s liquidity, increase its adoption, and contribute to the overall maturation of the cryptocurrency market. Grayscale’s proactive accumulation of ADA and its pursuit of a Cardano ETF signify a growing institutional interest in Cardano. The increased probability of the ETF’s approval, coupled with positive market reactions, suggests that an ADA ETF may be closer to realization than previously anticipated. As the SEC’s review process unfolds, the cryptocurrency community remains attentive to further developments that could shape the future landscape of Cardano and the broader digital asset market. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Grayscale Accumulates More Cardano (ADA). Is ADA ETF Approval on the Horizon? appeared first on Times Tabloid .

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