ADA welcomes heavy positive news: Grayscale ETF application may trigger a new round of altcoin institutional investment wave | ADA coins latest news #Cardano #ADAETF #CardanoETF

On August 29, Grayscale submitted a Cardano (ADA) ETF application (simultaneous application for DOT ETF) to the SEC. The ETF is intended to be listed on NYSE Arca (code GADA), which is passively managed, not pledged, and is hosted by Coinbase. News has pushed ADA to rise by more than 16%, with an 80% chance of approval, but the SEC will decide to postpone it until October 26. Cardano has made progress in technology and institutions. This application is a milestone in the crypto industry and also poses regulatory risks. On August 29, Grayscale, the world's largest digital currency asset management company, submitted an S-1 registration statement to the US SEC, applying to launch the Cardano (ADA) Trust ETF, which is planned to be listed on NYSE Arca with the stock code GADA. The ETF adopts a passive management model, tracks the CoinDesk Cardano Price index, does not use leverage/derived products, does not participate in ADA staking, and is entrusted by Coinbase Custody, and Grayscale has submitted a Polkadot (DOT) ETF application simultaneously, revealing its strategic confidence in the altcoin market. The news triggered a strong market reaction, with ADA prices rising by more than 16% within a few hours, approaching USD 1; analysts predicted that the probability of ETF approval was more than 80% (only 42% in June). From a technical perspective, ADA has formed a double bottom model, with the target at $1.325 after breaking through the neckline of $0.85 (potential increase of 56%), and in August, large investors increased their holdings by 1-180 million ADA in total, with a total holding of more than 405 million ADA (accounting for 10% of the circulation). Cardano's favor comes from significant progress in 2025: Technically, CIP-112 optimizes smart contract security, Hydra Layer-2 reaches 100,000 TPS test network performance, and Mithril reduces node operating costs; ecologically, EVM side chains attract more than 15,000 smart contracts, and the developer community continues to grow. Institutional cooperation also laid the foundation for it. Brazil SERPRO uses its digital public services and trains 8,000 employees. PUC-Rio cooperates to promote blockchain research, and the scale of institutional custody ADA reaches US$1.2 billion. However, there are still challenges in regulation. The SEC has postponed its decision to October 26, and the approval standards for altcoin ETF are unknown. Although Cardano has an advantage in being classified as a commodity (under US Clarity Act), it needs to compete with competitors such as Solana and XRP. In addition, it also faces risks such as regulatory rejection/address conditions, market volatility, technical loopholes and governance disputes (such as Emurgo-related allegations). Regardless of the SEC's final decision, this application is a milestone in the cryptocurrency industry: approval will become a precedent for altcoin institutions to promote other altcoin ETF processes; failure to approve also reflects the maturity of interest in industry institutions. The SEC decision on October 26 will become a watershed in the Cardano and altcoin markets, and Cardano and the crypto industry will continue to develop based on technology and cooperation. [Note⚠️, cryptocurrencies are high-risk investments, and you may lose all your principal. If you don’t understand, it is recommended not to participate. This video has no investment advice, it is shared only as information] #Grayscale ETF #Altcoin#ADA Coin Latest News#Cardano #ADAETF #CardanoETF