{"id":12360,"date":"2025-02-10T23:16:54","date_gmt":"2025-02-10T23:16:54","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=12360"},"modified":"2025-02-10T23:16:54","modified_gmt":"2025-02-10T23:16:54","slug":"spot-cardano-etf-application-grayscale-seeks-approval-in-the-us","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=12360","title":{"rendered":"Spot Cardano ETF Application: Grayscale Seeks Approval In The US"},"content":{"rendered":"
\n

On Monday, asset manager and crypto ETF issuer, Grayscale, officially <\/a>filed a 19b-4 proposal with the US Securities and Exchange Commission (SEC) to launch a spot Cardano ETF.\u00a0<\/p>\n

First-Ever Cardano ETF Proposal Submitted\u00a0<\/h2>\n

This move marks the first formal application for a Cardano ETF and comes on the heels of an increasing number of crypto ETF filings by major asset managers, signaling a strong focus on altcoins.<\/p>\n

The proposal arrives at a time when several prominent cryptocurrencies, including Litecoin (LTC), Solana (SOL), XRP, and Dogecoin (DOGE), have already garnered attention from the SEC through similar applications.<\/p>\n

Despite ADA\u2019s status as one of the largest cryptocurrencies by market capitalization, experts caution that the Cardano ETF could face delays.\u00a0<\/p>\n

Litecoin Leads With 90% Approval Odds<\/h2>\n

Bloomberg ETF expert Eric Balchunas anticipates <\/a>that other altcoins may receive approval before Cardano, creating a competitive landscape for ETF applications.\u00a0<\/p>\n

Balchunas recently shared insights on approval odds, placing Litecoin at the forefront with a 90% chance of getting the green light, followed by Dogecoin, Solana, and XRP.<\/p>\n

The recent shift in leadership at the SEC may play a crucial role in determining the fate of these applications. Under the current administration, there has been a noticeable pro-crypto stance, which could potentially enhance the chances of approval for the Cardano ETF and others.\u00a0<\/p>\n

This regulatory environment is particularly relevant as the market seeks to expand beyond the existing Bitcoin (BTC) and Ethereum (ETH) ETFs.<\/p>\n

\"Cardano<\/p>\n

The news of Grayscale\u2019s Cardano ETF application has already had a positive impact on ADA\u2019s market performance. Following the announcement, Cardano\u2019s price experienced a notable rebound, trading at approximately $0.71, reflecting a nearly 7% increase within a 24-hour period.\u00a0<\/p>\n

This surge is especially significant given the broader market challenges that have affected crypto prices recently, with ADA retracing over 30% in the past month and hitting a four-month low of $0.50 last week.<\/p>\n

Featured image from Shutterstock, chart from TradingView.com <\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

On Monday, asset manager and crypto ETF issuer, Grayscale, officially filed a 19b-4 proposal with the US Securities and Exchange Commission (SEC) to launch a spot Cardano ETF.\u00a0 First-Ever Cardano ETF Proposal Submitted\u00a0 This move marks the first formal application for a Cardano ETF and comes on the heels of an increasing number of crypto […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-12360","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/12360","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12360"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/12360\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12360"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12360"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12360"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}