SEC Accepts Grayscale’s Cardano ETF Filing – Decision Expected by August 2025! 📈
The U.S. Securities and Exchange Commission (SEC) has started the review process for Grayscale's proposal to launch a Cardano (ADA) exchange-traded fund (ETF). This significant move follows NYSE Arca's request to list and trade shares of the Grayscale Cardano Trust on its stock exchange platform.
The review period allocated by the SEC extends up to 180 days, with a decision anticipated by August 2025. The acceptance of this filing marks a notable advancement in the efforts to introduce Cardano-focused investment options in the marketplace.
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