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SEC Accepts Grayscale’s Cardano ETF Filing – Decision Expected by August 2025!
The U.S. Securities and Exchange Commission (SEC) has officially started reviewing Grayscale’s proposal for a Cardano exchange-traded fund (ETF). This follows NYSE Arca’s submission to list and trade shares of the Grayscale Cardano Trust on the stock exchange, with a decision expected by August 2025.
The review process has commenced, and the SEC will decide whether to approve or reject the Cardano ETF. The acknowledgment came on February 24, after NYSE Arca initially submitted the proposal on February 10. If approved, this ETF would enable investors to invest in Cardano (ADA) through a regulated platform. This development is significant as it allows users to buy and sell shares that track the price of ADA without having to hold the cryptocurrency themselves.
A potential approval would increase the accessibility and appeal of Cardano for institutional investors, making it easier to gain exposure to the asset class. Market sentiment has shifted in favor of approval, with Polymarket, a decentralized prediction platform, now indicating a 62% likelihood of approval, a significant rise from 51% in January.
The SEC’s recent acknowledgement of multiple crypto ETF filings, including Grayscale’s XRP ETF filing, contributes to this growing optimism. If approved, the Cardano ETF would unlock new opportunities for mainstream investors to enter the ADA market.
