US SEC accepts Cardano spot ETF application submitted by Grayscale

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PANews
02-25
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PANews reported on February 25 that the SEC has accepted the application for a Cardano (ADA) spot ETF submitted by Arca on behalf of Grayscale. Previously, the SEC has accepted numerous cryptocurrency ETF applications, including Cboe's XRP ETF, Grayscale's XRP and DOGE spot ETFs.

Previously, NYSE Arca filed a 19b-4 form on February 11 on behalf of Grayscale to establish the proposed Grayscale Cardano Trust. According to the filing, the custodian will be Coinbase Custody Trust Company, LLC, and the administrator will be The Bank of New York Mellon Asset Servicing.

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