Cardano price has risen sharply on the back of news of an ETF application by Grayscale. But can it sustain the momentum?

While the market continues to be volatile, things are getting greener on the utility front. Utility cryptocurrencies like Cardano have recently experienced a double-digit increase in the last 24 hours.

After Cardano (ADA) set its sights on outshine g Bitcoin, investors have again suffered another disappointment. This is after ADA slumped from a 15% gain in earlier trading.

Certain cryptocurrencies zoomed higher today as rumors swirled about the potential for new spot crypto exchange-traded funds (ETFs). Spot ETFs previously served as powerful catalysts for the largest cryptocurrencies, Bitcoin and Ethereum.

Cardano's price has recently bounced back, rising by 18% over the last 24 hours. This recovery follows a notable correction, signaling that the bullish pattern ADA has been forming remains intact.

After a sluggish start to 2025, Cardano (ADA) has staged a sharp rebound. The cryptocurrency had slipped 6% year-to-date, struggling to regain momentum after failing to reclaim the $1 mark since January 20.

The recent announcement from the Wall Street asset management firm Grayscale about its filing for a spot ADA exchange-traded product has triggered a bullish momentum among multiple coins, including BTC, ADA, SOL, LTC, and XRP.

Crypto investment firm Grayscale is seeking to introduce a Cardano (ADA) exchange-traded fund on the New York Stock Exchange as the race for crypto ETFs heats up. This is notably the first spot ADA ETF in the US and Grayscale's first standalone Cardano investment product.

Litecoin (LTC) was also among the top performers, gaining 6.5% from Monday.

The rally follows Bloomberg analysts raising approval odds for a Litecoin ETF, and Monday's spot Cardano ETF filing.

After a massive liquidation crash in January, the crypto market has been struggling to this day. Not only the smaller and less volatile cryptos but also the top ones, Bitcoin, XRP, Solana, and Cardano, struggled and faced high consolidations.

Cardano (ADA) has experienced a major price surge, with its value rising over 15% in the past 24 hours. This surge mirrors the broader positive movement in the altcoin market and Bitcoin's recent rally.

Both Cardano (ADA) and Kaspa (KAS) have experienced sizable price surges in this current crypto bull market. However, both are also a long way from their respective all-time highs.

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TL;DR NYSE Arca files for Grayscale's first-ever standalone Cardano ETF, marking a significant step towards creating a U.S.-based ETF for ADA. The announcement led to ADA's price skyrocketing by over 12% in a single day, reflecting growing interest and confidence in Cardano.

Grayscale and NYSE Arca have filed an application with the US Securities and Exchange Commission (SEC) to list a spot Cardano (ADA) exchange-traded fund (ETF), adding to the growing wave of digital asset funds seeking regulatory approval for ETFs.

Cardano (ADA) price rallied by 15%, outperforming major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and XRP, on news of Grayscale's spot ETF filing.

NYSE Arca has filed with the SEC on behalf of Grayscale to launch a spot Cardano ETF, which would be the first standalone investment product for ADA if approved.

Grayscale has submitted a 19b-4 filing to the SEC for a spot Cardano ETF in the past day. Analysts expect the US ETF to witness a huge boom in 2025.

LTC, ADA, and SUI are the top gainers from the larger-cap alts.

Grayscale and NYSE Arca have filed for the first US Cardano ETF, which would hold ADA tokens in cold storage through Coinbase Custody and allow traditional investors regulated exposure to the cryptocurrency.

Grayscale has applied with the US Securities and Exchange Commission (SEC) to list a Cardano exchange-traded fund (ETF) on the New York Stock Exchange (NYSE), according to a Feb. 10 filing. This would mark the first US-listed ETF tied to ADA, providing regulated exposure to the digital asset.

Cardano's price shows potential recovery signals as technical indicators turn positive and trading volume increases, with key price levels at $0.8119 resistance and $0.6822 support serving as crucial markers for future movement.

US fund manager Grayscale, one of the first Bitcoin ($BTC) and Ethereum ($ETH) ETF issuers, filed for a Cardano ETF (exchange-traded fund). If approved, it would be the first-ever Cardano ($ADA) ETF.

Grayscale has filed for the first-ever spot Cardano ETF, marking the 60th crypto ETF filing this year. ADA surged 11% following the news, fueling optimism about altcoin ETFs gaining regulatory approval.

Nice rebound today for the price of Cardano's native cryptocurrency, thanks to Grayscale's request.

Cardano is showing renewed strength as bullish momentum builds, driving ADA closer to the $0.8119 resistance level. After steady accumulation, buyers are beginning to take control, pushing the price higher and reinforcing optimism in the market.

NYSE Arca has filed a regulatory form that is necessary to list shares of the Grayscale Cardano Trust under the "GADA" ticker.

As Bitcoin (BTC) price retested a crucial resistance level above $98k, Cardano (ADA) price followed in tandem, akin to most of the altcoins. The large-cap altcoin, with a fully diluted valuation of about $35.7 billion and a 24-hour average trading volume of about $1.

The altcoins market is bustling with activity today as top market analysts highlight the greater odds of approval for a spot Litecoin ETF and spot Cardano ETF. While Ethereum (ETH) and XRP are up by 2-3% each, Cardano (ADA) and Litecoin (LTC) have gained anywhere between 10-15% each amid higher odds of these crypto ETF

The Cardano native token has surged double digits following a spot ETF application from crypto asset manager Grayscale.

Grayscale Investments' Cardano ETF filing marks the first standalone ADA-based product in the US. The post Grayscale Files for Spot Cardano ETF, First ADA-Based Investment Vehicle appeared first on Cryptonews.

Grayscale, through NYSE Arca, has submitted a filing under the Securities and Exchange Act of 1934 to introduce a spot Cardano exchange-traded fund (ETF).

The CME has not yet listed ADA futures, which is widely considered a prerequisite for gaining approval for a spot ETF

NYSE Arca has filed a proposal with the U.S. Securities and Exchange Commission (SEC) to list and trade shares of the Grayscale Cardano Trust, paving the way for the first U.S. exchange-traded fund (ETF) tied to Cardano's ADA cryptocurrency.

Grayscale Investments has officially filed to launch a Cardano exchange-traded fund (ETF) on the New York Stock Exchange, marking a major milestone for the ADA community. The proposal, submitted by NYSE Arca on behalf of Grayscale, seeks to list and trade shares of the Grayscale Cardano Trust.

ADA surges 11% as Grayscale's spot Cardano ETF becomes the 60th crypto ETF filing this year, raising expectations for SEC approval.

Cardano (CRYPTO: ADA) surged double digits on Monday evening after digital asset management giant Grayscale Investments applied for the U.S.'s first-ever spot Cardano exchange-traded fund. What Happened: NYSE Arca, a New York Stock Exchange subsidiary, submitted a 19b-4 application on behalf of the asset manager, seeking approval to list shares of Grayscale Cardano Trust.

Today, Grayscale filed paperwork with the New York Stock Exchange (NYSE) for a spot Cardano ETF, the first-ever ADA-based product that could hit US markets. The filing lands as Grayscale continues expanding its crypto offerings, with regulatory approvals on its radar thanks to president Donald Trump's crypto-friendly administration.

NYSE Arca has filed for a Cardano ETF on behalf of Grayscale, which already operates Bitcoin and Ethereum funds—and hopes to launch more.

Cardano (ADA) surged 11.72% on Tuesday, reaching $0.7470 by 20:58 (01:58 GMT) on the Investing.com Index. This marks its largest one-day percentage gain since January 3, pushing its market cap to $26.13 billion, accounting for 0.81% of the total cryptocurrency market.

Cardano has faced significant volatility and selling pressure as the broader crypto market struggles to establish strong support levels. Since early December, Cardano has dropped over 61%, with its price action reflecting a persistent downtrend that has shaken investor confidence.

NYSE Arca has filed on behalf of Grayscale to launch the firm's first-ever standalone Cardano ETF product.

The potential listing of a Cardano ETF could enhance mainstream crypto adoption, yet regulatory challenges may impede its immediate success. The post Nyse files to list and trade Grayscale Cardano ETF under ticker GADA appeared first on Crypto Briefing.

Grayscale Investments has submitted an application to the New York Stock Exchange (NYSE) for a Cardano exchange-traded fund (ETF). This marks a step in the growing interest in cryptocurrency ETFs.

A subsidiary of the New York Stock Exchange, on behalf of Grayscale, filed to create a spot Cardano exchange-traded fund.

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.