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SEC Reviews Grayscale Cardano ETF Proposal Amidst Growing Institutional Interest

  • The U.S. SEC has acknowledged NYSE Arca’s proposal to list the Grayscale Cardano Trust as an ETF.
  • If approved, the ETF would provide institutional exposure to ADA without direct ownership.
  • Grayscale's expansion beyond Bitcoin and Ethereum includes the proposed Grayscale Cardano Trust ETF.
  • The decision reflects the growing regulatory openness towards crypto ETFs under the new SEC leadership.

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