๐ฅ๐ฅ๐ฅโญ๏ธโญ๏ธโญ๏ธโญ๏ธ
๐ฅ Grayscale Investment Company is moving towards listing ETF funds for alternative currencies! ๐ฅ
๐ In a notable step, Grayscale has registered two new ETF funds in the state of Delaware for:
โข Cardano (ADA)
โข Hedera (HBAR)
๐ก This step is considered an official preparation to soon file for the creation of Spot ETFs, which could open the door for large institutional and traditional investments in these currencies.
๐ If approved by the U.S. Securities and Exchange Commission (SEC), this would be the first time ADA and HBAR receive a spot trading platform through conventional financial markets, which could enhance their liquidity and global reach.
My personal opinion:
This news could change the game for ADA and HBAR, especially if it coincides with a new wave of approvals for cryptocurrency funds.
#Cardano #Hedera #Grayscale #Crypto #ETF #ADA #HBAR #Digital_Currency_Investment #Beginner_Trading #Blockchain #Safe_Investment #Profit_From_Cryptocurrency
