Grayscale, Cardano ETF may reach a conclusion in October... ADA anticipation heats up

In the Cardano ecosystem, the anticipation for the ‘ADA ETF’ has once again heated up. Cryptocurrency analyst Elliott predicts that Grayscale may launch a dedicated Cardano ETF, so-called ‘GADA,’ before October 23.

According to Elliott, the U.S. Securities and Exchange Commission (SEC) has recently approved the ‘general listing standards’ applicable to spot cryptocurrency ETFs, which greatly accelerates the process for future product launches. Under the new rules, assets must have been traded on the CME futures market for over six months to qualify for spot ETF review.

Since ADA launched CME futures on February 9 of this year, it will meet this standard by August 9. If a 75-day review period applies afterward, then when Grayscale or NYSE Arca activates the relevant filings, the SEC must make a final decision before October 23.

This timeline is based on the simplification of the overall process for spot cryptocurrency ETFs, thus attracting high market attention. Especially as institutional investors’ demand for regulated crypto products steadily grows, ADA ETF is considered one of the most promising bullish themes in recent times.

Grayscale expands ADA holdings… signal of institutional demand

Additionally, Grayscale Investments has increased its holdings of ADA again in its smart contract fund, further boosting market expectations. According to tracking data from cryptocurrency analysis platform Atrium Lab and Cardano community member Dave, Grayscale’s ADA holdings have increased from 17.96% to 18.33%.

Meanwhile, exposure to Ethereum (ETH) decreased by 1.06%. As a result, ADA’s share has net increased by 0.37 percentage points. Market interpretation suggests that compared to competing smart contract platforms, institutional confidence in Cardano is strengthening.

However, ‘GADA’ is not a brand-new product. If it involves converting the existing Grayscale Cardano Trust into an ETF format, it might have an easier start in terms of liquidity. But given that the SEC needs to reassess market manipulation prevention and security requirements, it is still premature to be overly optimistic about its approval likelihood.

Industry experts believe that other asset management firms, including Bitwise and Canary Capital, are also preparing Cardano ETFs, so by the second half of 2026 at the latest, multiple ADA ETF candidates may emerge.

ADA, technical rebound combined with ETF anticipation

In terms of price, ADA has recently rebounded from lows, showing signs of improvement after breaking through a downward trend line that had persisted for months. According to Coinglass liquidation data, a large number of positions are accumulated in the $0.28 to $0.30 range. If the upward momentum continues, volatility could further increase.

Ultimately, ADA’s prospects for long-term revaluation are being enhanced under the combined influence of ‘Cardano ETF’ expectations and Grayscale’s increased holdings. However, before actual ETF approval and capital inflows are confirmed, attention should also be paid to the possibility of continued volatile market conditions.

Article summary by TokenPost.ai 🔎 Market interpretation Cardano (ADA) ETF listing expectations are once again prominent, with increasing potential for institutional fund inflows. With the SEC introducing new ETF listing standards, the process has been simplified, and approval may occur around October 2026. Grayscale’s increased ADA holdings are seen as a sign of growing institutional interest. 💡 Strategic points ETF expectations are a medium- to long-term bullish theme, but volatility may be high before actual approval. Meeting CME futures requirements (August) may mark the official start of the timeline. The trend of increasing institutional holdings is a positive signal, but risk management is needed in the short-term overheated zone. Considering the possibility of competing ETFs, diversification strategies are important. 📘 Terminology explanations ETF: A fund traded on exchanges like stocks, tracking specific asset prices CME futures: Derivatives market representing institutional participation Spot ETF: An ETF based on actual cryptocurrencies, directly reflecting their prices Grayscale Trust: Existing crypto trust products, converting to ETFs can help ensure liquidity. 💡 Frequently Asked Questions (FAQ) Q. Will ADA’s price immediately rise after ETF listing? ETFs can attract institutional funds, but the positive expectation is often already priced in. After approval, profit-taking may cause short-term pullbacks. Q. What does Grayscale expanding ADA holdings mean? An increase in ADA’s share in institutional investment products signals greater trust and expected returns for Cardano. It can be viewed as a positive long-term trend. Q. What is the most critical variable before ETF approval? The SEC’s regulatory judgment is the key factor. Especially meeting requirements for market manipulation prevention, liquidity, and investor protection, which will increase the likelihood of final approval once satisfied.

TP AI Notes This article summary uses language models based on TokenPost.ai. It may omit main content or differ from actual facts.