Grayscale files for Cardano ETF, boosting ADA's price by 15.15%. Analysts foresee altcoin ETF approvals soon. Check live cryptocurrency prices on our page.
Grayscale Asset Management filed for launching a Cardano Exchange Traded Fund (ETF) on the New York Stock Exchange. This move comes after receiving approval for a Bitcoin ETF last year. The company has been exploring more opportunities due to a change in the U.S. Securities and Exchange Commission’s approach. Cardano, with a market value of $28 billion, has always been in demand for investment. The news of Grayscale’s ETF application caused ADA’s price to grow by 15.15% daily to $0.8. Analysts believe that the approval of ETFs for altcoins is nearing its final stages.
