NYSE Arca, a subsidiary of the New York Stock Exchange, has taken a big step for cryptocurrency investments by filing a proposal with the U.S. Securities and Exchange Commission (SEC) to launch a spot exchange-traded fund (ETF) for Cardano (ADA).

NYSE Arca files for Grayscale Cardano ETF, offering ADA exposure under ticker GADA, enabling traditional stock market trading access.

NYSE Arca, a subsidiary of the NYSE Group, has filed on behalf of crypto asset manager Grayscale to launch a spot Cardano exchange-traded fund (ETF). In a Feb. 10 proposed rule change filing to the SEC,

NYSE Arca filed a 19b-4 form with the SEC to list a Grayscale Cardano Trust, marking a significant step toward the first US spot Cardano ETF.

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

The filing highlights Grayscale’s strategy to expand its presence in the cryptocurrency ETF space, as the firm has already filed similar applications for

Crypto investment firm Grayscale on Monday filed to list a Cardano (ADA) exchange traded fund on the New York Stock Exchange. Grayscale, which last year broke through U.S. regulators' blockade against the bitcoin ETF,

NYSE Arca has filed a 19b-4 form for Grayscale's $ADA ETF, triggering a price pump on the Cardano coin that outperformed Bitcoin and all other altcoins on the Top 10 list of cryptocurrencies with the largest market cap.