As reported by Wu Blockchain, Grayscale has filed an S-1 registration with the SEC to launch a Cardano (ADA) ETF, following up on its beforehand submitted 19b-4 submitting. Earlier this month, the Grayscale Cardano Belief ETF was added to Delaware’s official registration portal, a transfer that often preceded S-1 filings up to now.
Cardanians, a Cardano-focused X neighborhood account, highlighted the newest improvement in a current tweet.
Based on Cardanians, the S-1 is the official registration that explains how the Cardano ETF would work.
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The submitting reveals the Cardano ETF’s deliberate ticker to be GADA on NYSE Arca. The custody can be dealt with by the Coinbase Custody platform, and it could observe ADA’s worth utilizing the CoinDesk Cardano Index (ADX). Shares can be issued in blocks of 10,000 and should allow ADA staking for rewards sooner or later.
Countdown to SEC deadline begins
The SEC acknowledged NYSE Arca’s 19b-4 kind for Grayscale’s spot Cardano ETF earlier this yr; Cardanians added that with the S-1 and 19b-4 filings in, Grayscale appears ready and certain relying on SEC approval.
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The SEC’s resolution on the Cardano exchange-traded fund (ETF) is predicted in late October 2025, with Oct. 26 hinted at as a possible date.
The Cardano neighborhood has begun a countdown to the SEC’s deadline, which could both approve or deny the Grayscale Cardano ETF, probably inserting ADA in a car most popular by skilled buyers and advisors. As reported, the present approval odds for the Cardano ETF are at 87% on Polymarket whereas Bloomberg analysts estimate 75%.
ADA at the moment ranks because the tenth largest cryptocurrency with a market capitalization of $29.78 billion and trades at $0.833.