Grayscale Pursues Cardano ETF Approval
@Grayscale seeks to launch a Cardano ETF on NYSE Arca, boosting $ADA by 12% to $0.748 after filing. Approval would mark the first Cardano exchange-traded product. #Update #ETF $ADA (+6) ↗ (Source: Decrypt)
Deals with articles on the cryptocurrency markets, crypto investment strategies, market analyses, and trading insights.
@Grayscale seeks to launch a Cardano ETF on NYSE Arca, boosting $ADA by 12% to $0.748 after filing. Approval would mark the first Cardano exchange-traded product. #Update #ETF $ADA (+6) ↗ (Source: Decrypt)
@NYSE filed to list the Grayscale Cardano ETF under ticker GADA, offering $ADA exposure via stock market channels. #Update #ETF $ADA (+3) ↗ (Source: CryptoBriefing)
Bloomberg analysts Eric Balchunas and James Seyffart give $LTC a 90% ETF approval chance, while $XRP lags at 65%, amid SEC scrutiny. #Update #ETF $LTC (+3) ↗ (Source: CryptoSlate)
@Strategy acquired 7,633 $BTC for $742.4M, increasing its holdings to 478,740 BTC valued at $47B as of February 2025 #Breaking #Crypto $BTC (+9) ↗ (Source: Hodl.Press)
CoinGape: Florida Senator Joe Gruters proposed SB 550 to allow public funds’ investments in Bitcoin, enabling up to 10% allocation by the state’s CFO. #Update #Crypto $BTC (+6) ↗
@Grayscale filed to list a Cardano ($ADA) ETF on the NYSE, marking its first standalone ADA product. $ADA spiked 1.5% to 71 cents following the news. #Update #ETF $ADA (+4) ↗ (Source: CoinDesk)
North Carolina lawmakers propose investing up to $10 billion in Bitcoin ETFs, potentially impacting public funds and retirement systems. #Update #Crypto $BTC (+6) ↗ (Source: Decrypt)
CoinGape: @Ripple’s lawsuit with the SEC may conclude before the anticipated XRP ETF launch, according to attorney Jeremy Hogan, despite ongoing regulatory uncertainties. #Update #Legal $XRP (+3) ↗
Spot Bitcoin and Ethereum ETFs attracted $623M last week, with significant inflows into IBIT and ETHA funds; SEC reviews Solana and Litecoin ETF applications. #Update #ETF $BTC (+6) ↗ (Source: Hodl.Press)
CoinGape: Litecoin surged 7% as ETF approval prospects rise, trading at $113.65 with optimism for a $128 target, bolstered by @Binance support expansion and derivatives market growth. #Update #Crypto $LTC (+6) ↗
DailyHodl: A large investor has withdrawn 1.7 million $UNI ($15.54M) from Binance, with the wallet also holding $15.8M in $USDT, reports @Lookonchain. #Breaking #Crypto $UNI (+8) ↗
The Bank of England cuts interest rates to 4.5% amid a crypto market downturn, affecting $BTC and other major cryptocurrencies. #Update #Crypto $BTC (-3) ↘ (Source: CoinGape)
DailyHodl: Economist Henrik Zeberg predicts Bitcoin will reach $123,000-$125,000 in 2024, igniting a strong altcoin season led by large-cap assets like Solana. #Update #Crypto $BTC (+5) ↗
PNC Bank, the 8th largest in the U.S., increased its Bitcoin ETF exposure to $67M, signaling growing institutional interest. #Breaking #ETF $BTC (+9) ↗ (Source: CoinGape)