<ul><li>The United States Securities and Exchange Commission (SEC) has acknowledged NYSE Arca's proposed rule change to offer a Cardano ETF product.</li><li>The SEC has 45 days (or up to 90 days if needed) to approve or reject the proposed rule change.</li><li>The Grayscale Cardano ETF proposal will now enter a public comment period, lasting up to 30 days, with the final decision to be made in up to 180 days.</li><li>ADA saw a 2% surge post-filing, despite being down almost 10% over 24 hours.</li></ul>

Cardano ETF Proposal Acknowledged by SEC: What’s Next?

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