Cardano has managed to outshine a large percentage of the digital asset market this week amid news that the crypto asset management firm Grayscale wants to create a spot ADA exchange-traded fund (ETF) for the smart contract platform.

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.

Grayscale has filed for a Cardano ETF with the NYSE, expanding its crypto ETF offerings after recent applications for XRP, Solana, and Litecoin ETFs.

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,

The Relative Strength Index (RSI) on the daily chart reads 38, bouncing off from its oversold level of 30 on Sunday, indicating a mild rise in bullish momentum. However, the RSI must trade above its neutral level of 50 for the bullish momentum to be sustained. Such a development would add a tailwind to the recovery rally.

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.

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

Cardano (ADA) is showing signs of recovery after completing a corrective phase, with Elliott Wave and Fibonacci levels supporting a move toward $1.12. Holding above $0.72 is critical for the bullish scenario.

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

It looks like Grayscale is doubling down on crypto, this time betting big on Cardano. The investment giant filed Monday to launch a Cardano