Cardano Spot ETF Expectations Reach a Turning Point on August 9
Prefer us on Google
Cardano (ADA) is gaining attention amid expectations for a spot ETF in the U.S. As ADA futures trading under CME's regulatory oversight reaches the six-month mark on August 9, a 'shortcut' may open for Grayscale's spot Cardano ETF application. ADA has surged over 20% in the past week, fueling optimism. CME Group launched ADA futures on February 9, meeting the six-month requirement. According to the SEC's general listing standards, assets traded in a regulated futures market for over six months may partially meet the approval review requirements for a spot ETF. Grayscale has submitted an application for the 'Grayscale Cardano Trust ETF (GADA)', which is structured to hold ADA directly and track its price. The market believes that the combination of meeting the six-month futures requirement and the application submission could increase expectations for a spot ETF if the SEC reviews the related documents. Technically, if a 75-day review period is applied, the first conclusion could be around October 23. However, the SEC has raised concerns about the security status of ADA, leaving regulatory uncertainties intact. Currently, ADA is trading around $0.1985, having surged over 20% in the past week. 10x Research analyzed that whale investors accumulated more than 240 million ADA in just five days. This week marks a crucial turning point in assessing the potential for Cardano (ADA) spot ETFs.
This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.
You may also like
Morgan Stanley ETF buys $15M Bitcoin during dip
Job Fragility: The Probability of Keeping a Job Has Fallen to the Lowest Level in a Decade
Aztec bridge exploiter moves 300 ETH to Tornado Cash
Follow the Money: Over $3 Billion in Investments, Acquisition of Global Ledger, and a Quiet Corporate Sector
SDE ep. 41: Bitcoin Self-Custody After ColdCard
[Editorial] In a Market Where Uncertainty is the Norm, 'Resilience' Ultimately Determines Success
SharpLink Gaming and Galaxy Digital Establish On-Chain Yield Fund to Generate Active Returns through DeFi
"A Golden Opportunity for Bitcoin" … Besant's Gamble Shakes the Forex Market
Divergence of Regulatory Token Protocol Standards: Issuance, Compliance, and Integration Each Play Their Role
Franklin Templeton Joins the Exclusive Circle of Super Validators on Canton Network
Firmus to Accelerate Asia-Pacific Growth with $2 Billion Investment
Korean Stock Market AI Bull Run Retreats, Leveraged Investors Face Massive Withdrawals
Cybersecurity: Crypto Stealer for macOS, Wi-Fi Surveillance in Hotels, and Major Leaks of the Week
Stablecoin: 300M users, apps like Rizon bring dollar services to 122 countries
FBI Agent Uses Mnemonic to Steal Millions in Cryptocurrency
Wall Street's Sharp Commentary on Non-Farm Payrolls: This Report is Terrifying
Century-Old Asset Logic Favors SpaceX
Anxiety and Anticipation: SK Hynix's Stock Price Declines but Remains Favorably Viewed by Institutions, Market Focuses on HBM4 Technology Moat
Moonshot AI Restructures Equity and Introduces State-Owned Investors to Obtain Regulatory Approval for Hong Kong Listing
Tips for Making the Most of Your Dollars in the United States: Keys to Avoid Overspending on Your Trip
Essential Guide for Entrepreneurs: Hong Kong Government Offers Startup Subsidies of Up to HKD 1 Million
Central Bank imposes 24-hour hold on cryptocurrency transfers
Bitcoin’s AI security sprint found 6,700 issues in 55 hours, but no one knows how many are real
Researchers Discover Over 10,000 Vulnerable Public Entities in Poland
North Korean Infiltration Detected in 1,640 Companies to Steal Cryptocurrencies
Established Floor? Weeks of 'Catastrophes' Fail to Dampen Bitcoin Price
CFTC warns prediction markets over gambling-style odds
Trump's Statement: 'We Will Not Hand Over Cryptocurrency Dominance to China'
Crypto Manual: What Are Cryptocurrencies and What Types of Investments Are They For?
Armstrong: Stablecoin and RWA Expansion Continues Despite Bill Delay
Morgan Stanley ETF buys $15M Bitcoin during dip
Job Fragility: The Probability of Keeping a Job Has Fallen to the Lowest Level in a Decade
Aztec bridge exploiter moves 300 ETH to Tornado Cash
Follow the Money: Over $3 Billion in Investments, Acquisition of Global Ledger, and a Quiet Corporate Sector
SDE ep. 41: Bitcoin Self-Custody After ColdCard
[Editorial] In a Market Where Uncertainty is the Norm, 'Resilience' Ultimately Determines Success
Contents
Latest articles
Latest coin listings on WEEX
