Grayscale Investments, the world’s largest cryptocurrency manager, has seen its chances of securing approval for a Cardano exchange-traded fund (ETF) significantly increase. Recent filings with the SEC have bolstered these odds to an impressive 87%. This potential breakthrough in crypto regulation and market dynamics is anticipated to impact Cardano positively. The success of Grayscale’s ETF application would likely mirror previous successes with Bitcoin and Ethereum ETFs, prompting increased liquidity and mainstream acceptance for ADA. It’s worth noting that a Cardano ETF has generated recent anticipation, resulting in a 10% decline in ADA’s market value despite a growing year-on-year surge in on-chain TVL (total value locked) and high institutional investment interest. Analysts compare Grayscale’s move to similar precedent with Bitcoin ETFs, anticipating substantial inflows and heightened legitimacy for the cryptocurrency.