SEC Reviews Grayscale Cardano ETF Proposal
- The SEC acknowledged Grayscale’s filing for a Cardano Trust (ADA) ETF on NYSE Arca.
- A decision on the Grayscale Cardano ETF is expected by August 2025.
- The proposal seeks to list shares under the ticker symbol GADA.
- Net Asset Value will be calculated daily using data from platforms like Coinbase and Kraken.
- Coinbase Custody will secure ADA holdings with multi-layer security measures.
The SEC has initiated a review process for the Grayscale Cardano Trust (ADA) ETF, with a final decision anticipated by August 2025. The trust’s shares are proposed to be listed under the ticker GADA, reflecting ADA value minus fees and expenses.
Source (2.6)https://cryptobriefing.com/grayscale-cardano-sec-august/?rand=59535
