Crypto funding agency Grayscale on Monday filed to record a Cardano (ADA) trade traded fund on the New York Inventory Alternate.Grayscale, which final 12 months broke via U.S. regulators’ blockade towards the bitcoin ETF, has by no means beforehand supplied a standalone ADA funding automobile regardless of making previous strikes to take action.However the Trump 2.0 SEC’s pivot from policing the crypto business to seemingly embracing it has emboldened issuers to assume large about what they’ll get via. In current weeks Grayscale filed for a Solana and XRP ETF as effectively.These merchandise would convert Grayscale’s preexisting crypto belief merchandise into extra extensively tradeable ETFs whereas the ADA ETF could be totally new.Investor demand has at all times been excessive for the flagship asset of the Cardano blockchain. ADA ranks among the many largest crypto property by market cap, weighing in at $25 billion at press time. The token spiked 1.5% to 71 cents following the Grayscale information.Market observers more and more imagine the time is nigh for altcoin ETFs to clear the not-quite-as-skeptical SEC. However an ADA automobile had not been on many commentators’ radars regardless of the coin’s reputation.Grayscale didn’t instantly return a request for remark.