Grayscale’s Cardano ETF Update Boosts Approval Chances

The SEC approval odds for Grayscale’s proposed Cardano Exchange-Traded Fund (ETF) have significantly increased thanks to their amended S-1 filing. Experts now predict a high likelihood of approval, with estimates suggesting an 87% chance by the October 26th deadline. This potential breakthrough could unlock significant institutional investment and liquidity in ADA, potentially mirroring the success witnessed with Bitcoin and Ethereum ETFs.