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.

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 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.