On Feb. 10, crypto asset manager Grayscale officially filed for a Cardano exchange-traded fund with the New York Stock Exchange, expanding its push into regulated crypto investments.<\/p>\n
The firm has never previously offered a standalone investment vehicle for ADA despite making past moves to do so.<\/p>\n
Asset managers have been emboldened by President Donald Trump\u2019s embrace of crypto with ETF applications for altcoins, including XRP, Solana, and\u00a0Litecoin,<\/a> in recent weeks from the likes of Canary Capital, WisdomTree, 21Shares, Bitwise, and VanEck.<\/p>\n Grayscale filed 19b-4 for a spot Cardano ETF. First one in US and ballpark 60th crypto ETF filed this year so far pic.twitter.com\/alj7EjtfIS<\/a><\/p>\n \u2014 Eric Balchunas (@EricBalchunas) February 11, 2025<\/a><\/p>\n<\/blockquote>\n Grayscale has filed to convert its existing SOL and XRP trusts into a spot ETF but the ADA fund would be a new product. On Jan. 30, NYSE Arca filed to convert Grayscale\u2019s XRP trust into a spot ETF, and on Feb. 6, it did the same for its SOL trust.<\/p>\n According to the 19b-4 Ablage<\/a>, the Trust will hold only ADA, with each share representing a proportional interest in the fund\u2019s holdings.\u00a0Coinbase Custody would be the custodian of the assets, and BNY Mellon Asset Servicing would serve as administrator.<\/p>\n \u201cInstitutional interest in Cardano is heating up,\u201d kommentiert<\/a> IBC Group founder Mario Nawfal who added that the move comes just a week after Virtune AB launched a Cardano ETP on Nasdaq Helsinki.<\/p>\n The Cardano native token has surged 14% on the day, with most of the gains coming in the past couple of hours after the news broke.<\/p>\n ADA hit an intraday high of $0.8 but still remains down<\/a> 17% over the past fortnight as altcoins have been battered recently. ADA hit a 2025 high of $1.16 on Jan. 18 but has been down-trending since.<\/p>\n Nevertheless, analysts remain hopeful<\/a> that ADA will continue its bullish momentum, which has seen the asset gain 140% over the past six months, especially if a spot ETF is approved in the US by the SEC.<\/p>\n Spot Bitcoin ETFs in the United States have had a mixed month in February, which has seen $578 million in inflows and $561 million in outflows, gem\u00e4\u00df<\/a> to Farside Investors.<\/p>\n Monday was another outflow day, with $186.4 million leaving the funds on aggregate. Fidelity\u2019s FBTC saw the largest outflow with $136 million, followed by Grayscale\u2019s GBTC, losing $46.3 million. BlackRock\u2019s IBIT saw $55.3 million in inflows, but it wasn\u2019t enough to turn the daily flow positive.<\/p>\n Spot Ethereum ETFs have been positive, with just one outflow day so far in February, which was Monday. Feb. 10, when $22.5 million left the products.<\/p>\n Der Posten ADA Pumps 14% as Grayscale Files For Spot Cardano ETF<\/a> erschien zuerst auf KryptoKartoffel<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" On Feb. 10, crypto asset manager Grayscale officially filed for a Cardano exchange-traded fund with the New York Stock Exchange, expanding its push into regulated crypto investments. The firm has never previously offered a standalone investment vehicle for ADA despite making past moves to do so. Asset managers have been emboldened by President Donald Trump\u2019s […]<\/p>\n","protected":false},"author":1,"featured_media":16662,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-16660","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feeds"],"yoast_head":"\n\n
Cardano ETF Inbound<\/h2>\n
Spot Crypto ETF Outlook<\/h2>\n