$69,060.00
7.03%$2,068.63
11.33%$1.63
30.54%$1.46
7.59%$631.71
7.21%$1.00
0.00%$89.39
13.52%$0.285834
0.96%$0.104029
12.84%$1.035
0.53%$0.308635
18.40%$51.55
6.66%$514.91
6.50%$1.00
0.00%$8.74
3.26%$28.66
4.94%$9.42
14.16%$339.81
5.34%$0.164233
1.69%$0.998948
-0.04%$0.167422
10.81%$1.00
0.04%$0.00962447
2.02%$0.105435
9.80%$58.01
12.62%$257.66
4.73%$9.68
15.69%$0.999818
-0.09%$1.012
16.37%$0.00000645
8.70%$0.079641
6.65%$1.33
0.60%$0.117271
6.27%$5,165.35
0.24%$4.08
22.11%$5,197.63
0.21%$1.35
-4.95%$0.626806
6.09%$1.00
0.00%$122.95
7.29%$0.00000435
10.38%$186.13
9.69%$0.718039
2.59%$0.997806
0.03%$78.73
6.46%$1.00
0.01%$0.070694
8.35%$1.23
26.01%$1.12
0.00%$0.17121
4.72%$2.25
2.53%$1.00
0.01%$0.00000165
0.54%$9.47
12.62%$0.286276
14.60%$2.49
16.96%$0.999309
-0.06%$0.117507
3.94%$0.423301
12.24%$8.94
7.71%$11.00
0.01%$7.20
6.40%$0.00192106
9.10%$2.07
3.78%$0.061522
7.96%$66.24
6.72%$0.112113
13.31%$0.01667445
2.16%$0.88716
7.76%$0.03201635
9.18%$1.099
32.81%$0.094436
11.86%$3.60
6.08%$1.004
0.44%$0.00979151
6.54%$1.095
23.54%$1.52
11.43%$1.24
0.20%$0.757302
-10.33%$1.001
0.05%$114.40
0.01%$1.027
0.00%$1.11
0.40%$0.00804377
12.39%$0.03460709
3.56%$1.83
13.12%$0.08096
1.03%$0.104716
12.64%$0.00000661
13.54%$0.0318678
11.06%$1.096
0.01%$1.001
0.33%$0.163596
12.59%$1.00
0.04%$0.01296093
3.37%$28.95
3.62%$0.273088
14.08%$0.276892
5.17%$0.999568
0.01%$0.072873
10.06%$1.087
-0.18%$0.714928
17.47%$0.00745321
15.63%$1.18
0.39%$1.00
0.00%$35.65
8.47%$1.34
11.45%$0.403198
9.29%$167.47
0.92%$0.533432
2.32%$0.04441643
-3.57%$0.172439
12.17%$0.26263
17.13%$1.00
0.01%$1.10
7.45%$1.49
3.60%$0.085259
9.26%$0.03564582
5.24%$132.84
9.78%$0.999832
-0.00%$0.372317
13.30%$1.02
-0.13%$3.35
5.77%$0.00000034
3.90%$16.76
9.05%$0.056623
7.02%$0.00000033
0.54%$0.367377
21.97%$0.056202
10.51%$1.58
5.26%$0.01651606
0.48%$3.20
1.68%$0.072332
9.72%$0.332406
13.10%$0.02858989
10.22%$0.00003141
11.75%$0.00602009
8.02%$0.999432
0.19%$0.336087
12.03%$0.053377
10.50%$0.996133
0.40%$0.129455
9.90%$17.45
2.38%$0.231604
12.64%$0.077049
11.16%$0.00278937
10.25%$1.41
-3.56%$6.84
14.05%$1.60
-2.34%$0.139029
1.99%$0.04623396
10.45%$0.00249423
0.31%$0.092152
16.77%$0.107906
22.12%$0.02221719
9.71%$1.39
12.54%$0.320177
-3.14%$1.004
0.58%$0.222462
12.44%$1.77
4.93%$1.00
0.00%$0.00222982
6.10%$0.986105
-0.25%$0.522975
4.50%$1.00
0.01%$1.30
10.16%$1.075
0.01%$22.79
0.00%$0.205565
11.79%$0.099911
-0.28%$0.0000374
6.82%$2.87
10.56%$0.00000096
0.49%$0.102487
13.84%$5,239.08
-2.54%$0.941793
51.29%$0.197908
2.65%$0.194787
16.53%$0.053935
4.17%$0.02074858
7.91%$0.00513171
7.01%$1.00
0.00%$0.00399835
12.87%$0.125965
8.46%$0.080143
0.70%$4.25
16.20%$18.99
7.04%$1.98
14.42%$1.00
0.00%$0.651906
10.79%$0.77794
0.62%$0.05573
9.55%$0.173837
15.79%$2.19
11.82%$1.003
0.38%$2.13
2.06%$8.73
-9.00%$0.0232614
1.40%$0.04409937
11.38%$1.81
1.06%$0.01995816
-0.53%$48.01
0.02%$0.0000081
8.06%$3.41
-1.74%$1.26
1.12%$0.156444
7.36%$0.181216
14.19%$0.339368
9.90%$0.947317
-4.78%$1.002
-0.03%$0.998826
0.03%$0.424416
9.16%$1.013
-0.01%$0.663315
4.52%$0.306187
0.08%$4.75
10.97%$0.098492
12.38%$0.084401
8.39%$0.625955
5.09%$0.134406
7.90%$0.268639
6.88%$0.083289
13.84%$0.02327865
-7.20%$0.299607
6.31%$0.131412
4.65%$1,097.76
0.01%$0.074705
0.27%$0.376768
3.45%$0.315353
-0.29%$0.0015117
3.40%$11.58
-2.47%$0.225091
3.25%$1.92
2.72%$0.00407855
4.44%$0.13132
0.61%$0.250115
1.37%$0.205128
7.90%$0.99541
-0.01%$2.44
8.30%$1.001
0.00%$0.343396
4.33%$7.64
-11.86%$12.15
4.25%$1.46
2.27%$1.067
0.39%$1.001
0.05%$1.001
-2.93%$0.999937
-0.01%
Grayscale Investments aims to launch a Cardano exchange-traded fund on the New York Stock Exchange, according to a document posted to the NYSE website. NYSE Arca submitted the 19b-4 form for a proposed rule change Monday on behalf of the issuer.
Cardano (ADA), the ninth-largest cryptocurrency by market capitalization, has jumped 12% on the day to $0.748 on news of the Cardano ETF filing, according to CoinGecko. It's the largest gainer over the last day among the top 10 coins by market cap.
If approved, Grayscale's Cardano ETF would be the first exchange-traded product for the blockchain, and would join Grayscale’s lineup of crypto ETFs, which includes the Grayscale Bitcoin Trust ETF, Bitcoin Mini Trust ETF, Ethereum Trust ETF, and Ethereum Mini ETF.
Grayscale filed 19b-4 for a spot Cardano ETF. First one in US and ballpark 60th crypto ETF filed this year so far pic.twitter.com/alj7EjtfIS
— Eric Balchunas (@EricBalchunas) February 11, 2025
"The proposed rule change is designed to promote just and equitable principles of trade and to protect investors and the public interest in that there is a considerable amount of ADA price and market information available on public websites and through professional and subscription services," Grayscale said in the Cardano ETF filing.
Grayscale currently offers over 20 crypto-related investment products, including trusts for Avalanche, Solana, and Dogecoin. The firm launched the Bitcoin Trust in 2013, which was converted into an ETF last year.
Only Bitcoin and Ethereum spot ETFs have been approved for trading so far in the United States, with the SEC giving both the green light last year.
According to the filing, the proposed rule change for the Cardano ETF falls under NYSE Arca Rule 8.201-E, which allows the listing of "Commodity-Based Trust Shares."
The Delaware Trust Company serves as the trustee of the Cardano ETF, while the Coinbase Custody Trust Company holds the Trust’s ADA in cold storage.
Grayscale did not immediately respond to requests for comments by Decrypt.
As investors wait to see if the Cardano ETF is approved, the crypto faithful are optimistic that other ETFs—including Dogecoin, XRP, and Solana ETFs—will be approved in the coming months.
Grayscale itself has filed to convert other existing trusts into spot ETFs, including trusts for Solana, XRP, and Dogecoin.
Edited by Andrew Hayward
