- Grayscale’s Cardano ETF could make ADA a mainstream investment choice.
- SEC decision on Cardano ETF may boost institutional interest in ADA.
- Amplify’s XRP ETF filing signals growing trend in crypto ETFs.
Grayscale has filed for an S-1 registration with the SEC to launch a Cardano (ADA) exchange-traded fund (ETF), signaling a new opportunity for institutional investors to gain exposure to ADA. The filing is the second of its kind, following the previous 19b-4 filing, and highlights the company’s interest in introducing Cardano to the mainstream financial environment.
The ETF will be listed on the NYSE Arca under the ticker GADA and managed by Coinbase Custody. ADA’s price will be tracked through the CoinDesk Cardano Index (ADX), and shares will be issued in blocks of 10,000. In the future, ADA staking rewards will also be integrated into the ETF.
Cardanians, a popular Cardano community account, drew attention to the significance of this filing. This follows the NYSE Arca acceptance of the Grayscale 19b-4 filing earlier in the year, and this new filing is an important step toward SEC approval.
Also Read: Ethereum (ETH) Price Prediction for August 31
Grayscale’s Cardano ETF Could Open Doors for ADA Investors
As anticipation builds, the Cardano community is eagerly awaiting the SEC’s decision on the ETF, expected by late October 2025. Analysts speculate October 26 as the likely decision date.
Should the Cardano ETF be approved, it would become more convenient to get ADA into the hands of institutional investors and, thus, the demand to buy the cryptocurrency might increase. Polymarket projects an 87-percent approval, and Bloomberg analysts project a 75-percent probability.
At the moment, ADA is the 10th biggest cryptocurrency, with a capitalization of 29.78 billion. By approving the ETF, the SEC has a chance of promoting mass adoption and moving ADA to the mainstream of institutional investment, enhancing its value and presence in the financial arena.
Amplify Joins the Crypto ETF Trend: Could ADA Follow XRP’s Lead?
Similarly, Amplify Investments has also registered with the SEC the Amplify XRP Monthly Option Income ETF that seeks to give exposure to the price fluctuations of XRP with a monthly dividend payment using a covered call approach.
The increased number of crypto ETF filings, such as those by Grayscale and Amplify, underscores a trend towards institutional adoption of digital assets. If these ETFs are successful, the popularity of altcoins such as ADA, XRP, and others will probably rise considerably.
Also Read: Algorand (ALGO) Price Prediction 2025–2030: Can ALGO Hit $0.75 Soon?
