🚀 SEC Takes First Step Toward a Cardano ETF!
The U.S. Securities and Exchange Commission (SEC) has officially acknowledged NYSE Arca’s proposal to list and trade shares of the Grayscale Cardano Trust, marking a key step toward the potential approval of a spot Cardano ETF.
If approved, this ETF would offer institutional investors regulated exposure to Cardano (ADA) without requiring direct ownership. The proposal is part of a larger wave of cryptocurrency ETF filings under SEC review, including those for #xrp , Dogecoin, and Hedera (HBAR).
With institutional interest in digital assets growing, could this move signal a broader acceptance of crypto ETFs? The SEC now has a fixed review period to make its decision, and the industry is watching closely.
