Cardano Outperforms Market as Grayscale Files for ADA ETF
- Grayscale has filed with the SEC to list a spot ADA ETF, named Grayscale Cardano Trust.
- If approved, it would be the first-ever ADA ETF on NYSE Arca.
- ADA is currently trading at $0.804, ranking 9th by market cap.
- ADA’s value increased by nearly 2% in the past day and over 12% in the past week.
- The overall crypto market cap decreased by nearly 3% in the last 24 hours and rose less than 2% over seven days.
Grayscale’s filing for a spot ADA ETF has led to Cardano outperforming much of the digital asset market, with its price rising significantly compared to the overall crypto market trend.
Source (2.6)https://dailyhodl.com/2025/02/14/ethereum-rival-cardano-surges-this-week-as-crypto-giant-grayscale-files-ada-etf-application/?rand=59076
