Grayscale seeks the approval of Cardano ETF after having deposited Solana, XRP and Dogecoin funds

Grayscale Investments aims to launch a Cardano New York Stock Exchange Corporated Fund, according to a document Posted on the NYSE website. Nyse Arca submitted Form 19B-4 on Monday for a change of rule proposed in the name of the transmitter.

Cardano (ADA), the ninth largest cryptocurrency by market capitalization, jumped 12% over the day to $ 0.748 on news from the Cardano ETF file Flirtatious. It is the largest winner of the last day among the 10 best pieces by market capitalization.

If it is approved, the Graycale FNB Cardano would be the first exchange product For the blockchain, and would join the range of Grayscale of Crypto ETF, which includes the Etf Bitcoin Trust by Graycale Bitcoin, Bitcoin Mini Trust Etf, Etf Etf Trust and Etf Etf Etf.

“The change of rules proposed is designed to promote the principles of fair and fair trade and to protect investors and the public interest in that there is a considerable amount of ADA prices and market information available on sites Public web and through professional and subscription services, “said Graycale in the Cardano ETF deposit.

Grayscale currently offers more than 20 investment products related to crypto, including trustee for Avalanche,, SolaraAnd Mastiff. The company launched Bitcoin Trust in 2013, which was converted into ETF last year.

So far, only the FNB Bitcoin and Ethereum Spot have been approved for trade in the United States, the dry offering both the green light last year.

According to the file, the change of rule proposed for the Cardano ETF is a rule 8.201-E of Nyse Arca, which allows the list of “trust actions based on products”.

Delaware Trust Company is the fiduciary of Cardano ETF, while the company Coinbase Custody Trust holds the ADA of the cold storage trust.

Graycale did not immediately respond to requests for comments by Decipher.

While investors are waiting to see if the Cardano ETF is approved, the faithful crypto are optimistic that OTHER ETF– Including Dogecoin, XRP and Solana – will be approved in the coming months.

Grayscale himself has been deposited to convert other existing trusts into ETF Spot, including trustee for Solara,, XrpAnd Mastiff.

Edited by Andrew Hayward