Grayscale Investments has officially filed to launch a Cardano ETF in Delaware, signaling a significant push into the cryptocurrency market by institutional investors. This move follows Grayscale’s successful launches of Bitcoin and Ethereum ETFs, leading to substantial price increases for these cryptocurrencies. The proposed trust structure suggests a focus on regulated investment products, potentially indicating a more systematic approach to Cardano adoption. 16% price jumps in ADA have been recorded, with analysts predicting potential further growth towards $1.50. This surge is driven by increased institutional interest and the broader anticipation of SEC approval for the ETF.