Greiscale files for first-ever Spot Cardano ETF in the US

This move reflects Greiscale’s pressure to expand institutional access to digital means outside Bitcoin (Btc) and Etherum (El).

The Bloomberg ETF Analyst Eric Balchunas has noted that this is approximately 60. CRIPTO ETF, which emphasizes, emphasizing the rapiders where the property managers are collapse to ensure approvals in changes in the regulatory era.

The above 19B-4 is a key condition for entering a new ETF to exchange, basically a formal requirement for change rules. Even if approved, the ETF point also requires an effective statement on S-1 registration before trading begins.

From the announcement, Ada increased almost 11% within 24 hours, reaching $ 0.74 during 11. February. Despite the gathering, the token remains 76% below its all times of $ 3.10, recorded in September 2021. years.

The reaction of the market suggests growing optimism around the AltCoin ETF, especially as analysts predict multiple applications in the coming months.

Bloomberg ETF Analysts James Seiffart and Balchunas estimate 90% chance of Litekoin (LTC) ETF approval and 70% for Solana (Salt), both are already in progress since 19B-4 approvals.

Final decisions on LiteCoin and Solani ETFs are set for 2. and 25. October.

Meanwhile, Seiffart and Balchunas put the chances of Ripple (XRP) and DogeKoin (Exaggerate) ETFS at 65% and 70%, marking the great opposition with Gensler-Led Sec, who maintained the hard position on the CRIPTO. Since its departure, the regulatory feeling seems to be transferred.