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The cryptocurrency investment firm Grayscale filed with the New York Stock Exchange on Monday, proposing to list an ETF for Cardano (ADA).
Grayscale, which successfully broke through the barriers of U.S. regulators when launching a Bitcoin ETF last year, had never previously offered an independent investment vehicle for ADA, despite several preparatory moves.
The policy shift of the U.S. Securities and Exchange Commission (SEC) under the Trump 2.0 administration - from tightening regulations to seemingly accepting and supporting the crypto industry - has emboldened issuers to be bolder in expanding their products. Recently, Grayscale also filed for an ETF launch for Solana and XRP.

A widely influential cryptocurrency analyst believes that the layer-1 platform Solana (SOL) could see nearly double growth in the near future.
Analyst Ali Martinez shared with 124,300 followers on the social media platform X that Solana appears to be trading in an ascending channel - a pattern indicating that the asset is in an uptrend.
According to Martinez, Solana seems to be holding the cross support line of the pattern, suggesting the price could rise to the upper limit of the channel.

The company's Bitcoin treasury (formerly MicroStrategy) purchased an additional 7,633 BTC for approximately $742.4 million, averaging $97,255 for one BTC over the period from February 3 to February 9, according to an 8-K filing submitted to the U.S. Securities and Exchange Commission (SEC) on Monday.
The company currently holds 478,740 BTC, worth over $46 billion. The total amount held by Strategy was purchased at an average price of $65,033 per Bitcoin, with a total cost of approximately $31.1 billion, according to Michael Saylor, co-founder and CEO of the company. Thus, Strategy holds over 2.2% of the total supply of 21 million BTC.

Last week, Chainlink (LINK) recorded its largest monthly loss, dropping 26.8% after strong sell-offs in the market.
Some market indicators suggest that this downtrend will continue before a major price change occurs.
Key resistance level for LINK
The current downtrend may be a strategy of market participants to push the price down to a favorable level, where buying activity is strong enough to overcome the significant barrier around the price of $23.78.