SEC acknowledges Grayscale’s Spot Cardano ETF filing – New crypto ETF wave on the horizon? – BitRss

• The U.S. SEC has acknowledged Grayscale’s Cardano ETF filing to list on the NYSE Arca.
• The regulatory acknowledgment could pave the way for an influx of other altcoins ETFs.

The U.S. Securities and Exchange Commission (SEC) has officially acknowledged Grayscale Investments’ filing to list and trade Spot Cardano ETF shares under NYSE Arca Rule 8.201-E.

Grayscale Trust’s assets will solely consist of ADA ($0.67), with its value pegged to the CoinDesk Cardano Price Index.

Shares will be traded on the NYSE Arca, providing a regulated avenue for investors to gain e…