Is anyone paying attention to Grayscale’s GADA? The Cardano spot ETF was finally approved earlier this year, after waiting for a long time. Do you remember that back in August last year, it was registered as a Delaware statutory trust? Then, because the SEC kept dragging things out, the approval outcome—which was originally expected in October—was delayed again due to the government shutdown, making the entire process quite bumpy and full of twists.

Now that GADA is officially in place, this should be a nice positive for ADA. Before, lots of people were speculating about when regulators would finally give the go-ahead. Now it seems that Cardano’s ETF product lineup is gradually getting better. I’m a bit curious whether more mainstream public-chain spot ETFs will follow—this trend feels like it can’t be stopped.