Cardano ETF Faces Key Approval Phase After SEC Recognition 📈
The US Securities and Exchange Commission (SEC) has officially acknowledged NYSE Arca’s rule change application concerning a Grayscale Cardano ETF. This pivotal step significantly raises the likelihood of the ETF's approval, marking a milestone for Cardano enthusiasts as ADA, the ninth-largest cryptocurrency by market cap, stands to benefit.
The application, known as a 19b-4, was submitted on February 10, seeking traction within the evolving ETF landscape. This recognition underscores the ongoing integration of cryptocurrencies into mainstream financial products.
Source: www.fxcryptonews.com ↗
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