SEC accepts Cardano spot ETF application submitted by Grayscale

2025-02-25 02:56

Odaily Planet Daily News: The SEC has accepted the Cardano (ADA) spot ETF application submitted by Arca on behalf of Grayscale on the New York Stock Exchange. Previously, the SEC had accepted a large number of cryptocurrency ETFs, including Cboe's XRP ETF, Grayscale's spot XRP, and DOGE ETF. Previously, NYSE Arca submitted a 19b-4 form on behalf of Grayscale on February 11th to establish the proposed Grayscale Cardano Trust Fund. According to the document, the custodian will be Coinbase Custody Trust Company, LLC， The manager will be BNY Mellon Asset Serving. （Cointelegraph）

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