Grayscale plans to launch Cardano ETF by the end of 2026

According to Crowdfund Insider, Grayscale plans to launch an ETF focused on Cardano by the end of 2026, with the trading code expected to be GADA. This product will be converted from the existing Cardano trust of Grayscale. If the existing regulatory documents are activated in mid August, it may trigger the SEC's simplified review process and start trading as early as late October 2026. In addition, Grayscale has recently adjusted the asset allocation of smart contract funds, increasing Cardano's weight from approximately 17.96% to 18.33%, and reducing its exposure to assets such as Ethereum.