by: xpoolPosted on:

Grayscale’s Cardano ETF Faces Regulatory Hurdle, But High Approval Odds Remain

Grayscale has resubmitted its application for a Cardano Exchange-Traded Fund (ETF), this time with an amended S-1 filing. While the SEC hasn’t ruled on the application yet, Grayscale remains optimistic about approval odds, estimated at 75-87%. These high expectations are reflected in market reactions and temporary price fluctuations of the ADA cryptocurrency, prompting both excitement and initial concern among investors.

Related posts:

  1. Cardano Price Surge Predicted Amidst Speculation Over ETF Approval
  2. Cardano Price Surges 16%, Breaks Key Resistance to Target $1.50
  3. Cardano ETF Approval: 87% Likely Before Crucial Deadline
  4. Grayscale’s Cardano ETF Update Boosts Approval Chances