Grayscale has filed for the first-ever spot Cardano ETF in the U.S. by submitting a 19b-4 form to the SEC. This marks Grayscale's effort to expand institutional access to cryptocurrencies beyond Bitcoin and Ethereum. The filing is the 60th crypto ETF application this year, reflecting the growing presence of cryptocurrencies in traditional finance. The news caused a 14% surge in ADA's price within 24 hours. The filing is part of a larger trend, with many asset managers racing to get regulatory approvals for crypto ETFs. Analysts estimate high chances of approval for altcoin ETFs like Litecoin, Solana, XRP, and Dogecoin.



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