Cardano ETF Approval Odds Surge to 87% as Grayscale Updates SEC Filing

Grayscale has submitted an updated application to the U.S. Securities and Exchange Commission (SEC) for a Cardano (ADA) exchange-traded fund (ETF), signaling heightened prospects for regulatory approval. The amended filing includes custody by Coinbase and potential integration of ADA staking. 87% probability of approval is now predicted based on recent data, with the SEC’s decision deadline set for October 26, 2025.