ADA Surges 8% as Grayscale ETF Inclusion and Leios Upgrade Fuel $928M Trading Boom

Cardano (ADAUSDT) has experienced a notable price increase of 8.12% over the past 24 hours, with the current price at $0.5872 on Binance. This upward movement is primarily attributed to positive market sentiment following the U.S. SEC's approval of Grayscale's Digital Large Cap Fund (GDLC) to convert into an ETF, marking ADA's first inclusion in a spot ETF. Additional contributing factors include anticipation around the upcoming Leios network upgrade and increased optimism about the potential approval of a spot Cardano ETF, as well as broader developments such as South Korea's roadmap for local spot crypto ETFs. Trading activity has been robust, with a 24-hour trading volume of approximately $928 million and a price range between $0.5366 and $0.5998, reflecting heightened investor interest and market volatility. Cardano's market capitalization stands at over $21 billion, maintaining its position among the top cryptocurrencies by market cap.