SEC begins review of Grayscale’s Cardano ETF

Emily Lauderdale
Grayscale ETF
Grayscale ETF

The U.S. Securities and Exchange Commission has started reviewing Grayscale’s proposal for a Cardano exchange-traded fund. If approved, this would make it easier for investors to gain exposure to ADA through traditional markets. NYSE Arca requested to list and trade shares of the Grayscale Cardano Trust on the stock exchange.

The SEC is now reviewing the application, with a final ruling expected within 180 days. A decision is anticipated by August 2025.

On February 24, 2025, the SEC formally accepted the Grayscale Cardano ETF proposal, marking the start of the review process.

The request was originally submitted on February 10, 2025.

If approved, this ETF would allow investors to gain exposure to Cardano through a regulated platform without needing to hold the cryptocurrency directly. A Cardano ETF would make it easier for investors to buy and sell shares tied to ADA’s price.

See also  Walgreens Boots Alliance Nears $10 Billion Privatization

Sec reviews Cardano ETF proposal

This could attract more traditional investors and increase ADA’s accessibility in a secure and regulated environment. The chances of a Cardano ETF approval in 2025 appear to be improving.

The SEC’s recent acknowledgment of multiple crypto ETF filings has contributed to this growing optimism. A Cardano ETF could boost demand by attracting institutional investors, potentially driving up ADA’s price. Analysts believe that as long as ADA holds support between $0.67 and $0.81, further gains are possible.

However, if it falls below this range, downward pressure could follow. Currently, Cardano is trading at $0.68, with a market capitalization of $24.16 billion. Its trading volume has surged by 81.15%, reaching $1.08 billion, reflecting growing market interest.

A green light from the SEC could send shockwaves through the market. We’ll keep you updated on what happens next.

Photo by; Pixabay on Pexels

Emily is a news contributor and writer for SelfEmployed. She writes on what's going on in the business world and tips for how to get ahead.