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Cardano (ADA) ETF Approval Odds Surge in the US After Key Development: Details

  • The SEC has acknowledged Grayscale's application for a spot ADA ETF, increasing the chances of approval.
  • The application marks the beginning of the regulatory review process, which usually lasts 240 days.
  • The approval odds for the ADA ETF have risen from 52% to 66% as of now.
  • Grayscale has also sought regulatory approval to convert its XRP Trust into an ETF, with a 74% chance of approval before the end of 2025.

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