Grayscale Investments has filed a new registration statement with the SEC to launch an Ethereum (ADA) exchange-traded fund (ETF), potentially bringing institutional investment into the cryptocurrency market. This follows Grayscale’s previous 19b-4 filing, marking a significant step towards mainstream adoption for Cardano (ADA). The ETF will be listed on the NYSE Arca under ticker GADA and managed by Coinbase Custody. Its price will be tracked through the CoinDesk Cardano Index (ADX) with shares issued in blocks of 10,000. Future integration of ADA staking rewards further enhances its appeal to institutional investors. The filing is seen as a major milestone, signaling Grayscale’s ambition to introduce Cardano to broader financial markets.