$ADA ETF Hopes & Airdrop Frenzy Drive Speculative Surge

Two major catalysts have amplified investor sentiment:

Grayscale Files Cardano Trust: Grayscale recently filed for a Delaware-based Cardano Trust, mirroring its early-stage strategy ahead of its Bitcoin ETF launch.

While not an ETF itself, the move is widely seen as a stepping stone toward a future ADA ETF, sparking renewed institutional interest.

Glacier Drop Airdrop: The highly anticipated NIGHT token airdrop to ADA holders triggered a wave of retail engagement.

Transaction volume spiked to 2.6 million daily, reflecting heightened on-chain activity.

🗓️ Key Date: The SEC’s response to Grayscale’s filing is expected by October 16—a potential make-or-break moment for ETF speculation.