Cardano ETF approval jumps with the S-1 gray files with SEC star-news.press/wp

benamira August 30, 2025

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Cardano ETF approval jumps with the S-1 gray files with SEC star-news.press/wp

Cardano ETF approval has regained new altitudes thanks to the recent positive developments surrounding it. This comes at the time presented by Grayscale modified S-1 model with the United States SEC.

Cardano ETF approval amid gray deposit

according to Polymark dataCardano ETF approval increased to 87 %. This represents an 11 % increase in only one week.

This represents a sharp recovery after the market fluctuated throughout August. At one point, ADA ETF approval has decreased to 75 %To the bottom of 89 % in July, before returning to the current level.

Analysts believe that the transformation of momentum comes directly from the Grayscale decision to advance in the organizational batch. On August 29, the company submitted Amended S-1 Form With SEC for the proposed Cardano ETF. This follows its previous 19B-4 application.

If approved, the box will be listed in NYSE Arca under the Ticker GADA code and follow the Coindsk Cardano price index. ETF ADA will be held directly, and avoid leverage and derivatives. Coinbase Customy will be provided, ensuring institutional degree security.

These strategic mirrors are gray for other encryption confidence. James Sevart, a Bloomberg analyst, confirmed that Grayscale has also made papers similar to Polkadot ETF. He also pointed out that these introductions are not completely new files. This enhances the company’s long -term commitment to encryption qualifiers.

new: @grayscale S-1S is offered to Cardano and Polkadot Etfs. They have already presented 19B-4s for each of these-so these are not new files pic.twitter.com/jtcvbiku2t

Jseyff August 29, 2025

SEC’s delay continues in ETF approvals

This step follows SEC delay in the final decision On Cardano Etf. It is originally expected by August 27, the product has now been paid to October 26, 2025.

The suggestion was presented for the first time in February by Nyse Arca. They seek to include and trade the stocks of the Grayscale Cardano ETF on the basis of commodity -based confidence. Since then, multiple amendments have been made, and the Supreme Education Council has only opened the matter for public comment.

This extension is in line with the wider organizational caution. Sever Bloomberg noticed that SEC currently treats 96 separate files For Crypto ETFS. This is the largest number of requests that the agency has ever received.

However, recent organizational changes indicate that approval may come soon. For example, the Supreme Education Council explained that some smoke activities are not considered securities. This has also strengthened the Project Crypto Push because it aims to create a more friendly encryption environment.

While waiting for organizational clarity, Cardano has gained itself traction on the market. In one of The 10 best encryption assets in Grayscale By weekly revenues, Cardano ranked third. It has ranked behind the highest -performance XRP and Stellar.

The high risk of approval and gray continues indicates that it is a matter of time before the product is launched. October was highlighted as a major month due to the deadline for the committee’s decision.