Grayscale’s chances of securing approval for a Cardano ETF have significantly increased, with recent odds soaring to an impressive 87% according to data tracked on Polymarket. This boost in anticipation has the potential to usher in substantial capital influx into the Cardano ecosystem. The outcome is anticipated to be significant, with the possibility of market-moving price adjustments and a surge in institutional interest. Grayscale Investments and Coinbase Custody are at the forefront of this endeavor, working closely with the SEC on the application. The Cardano community is keenly awaiting developments, anticipating a ripple effect from regulatory events that could shape the future of crypto markets.