Big news for cryptocurrency! A company called Grayscale wants to create a special fund, like a savings account, for a cryptocurrency called Cardano (ADA). This fund would be easy to buy and sell, just like regular stocks. It's called an ETF, which is like a basket of Cardano.
- Grayscale is asking the government (SEC) for permission.
- NYSE Arca, a big stock market company, is helping Grayscale.
- If approved, it would be the first Cardano ETF!
- Other companies are also trying to make ETFs for cryptocurrencies like Solana and XRP.
| Cryptocurrency | What's Happening |
|---|---|
| Cardano (ADA) | ETF application filed |
| Solana (SOL) | ETF application amended |
| XRP | ETF application filed |
