SEC Decision Looms: Will Grayscale’s Cardano ETF Get Approval This Week?

The SEC deadline for Grayscale’s application for a Cardano (ADA) exchange-traded fund (ETF) is approaching this week. The company has asked the U.S. Securities and Exchange Commission to approve its spot ADA ETF, which would allow investors to trade it on the New York Stock Exchange, among other applications for ETFs powered by Solana and XRP. The SEC’s decision is due on Thursday, May 29th, just days away.