TechFlow news: On May 11, according to Crowdfund Insider, digital asset management firm Grayscale Investments plans to launch an exchange-traded fund (ETF) focused on Cardano (ADA) by the end of 2026. The proposed ticker symbol for this product is GADA. Rather than filing a new application, Grayscale intends to convert its existing Cardano Trust into a publicly listed ETF. If the relevant regulatory filings take effect by mid-August, the application may enter the U.S. Securities and Exchange Commission’s (SEC) streamlined review process and could begin trading in late October 2026. Grayscale has also recently increased ADA’s weight in its Smart Contract Fund from approximately 17.96% to 18.33%.
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