Guess who’s playing the ETF game now? 🥁 On Monday, Grayscale, the crypto ETF maestro, threw a 19b-4 proposal at the SEC’s 🕵️♂️ doorstep, aiming to launch a spot Cardano ETF. Yes, you read that right! 🎉
Cardano Joins the ETF Club 🎉
It’s the first-ever Cardano ETF proposal, folks! And it’s coming hot off the heels of a flurry of crypto ETF filings by bigwigs in the asset management world. Altcoins, it seems, are the new black. 🖤
As the SEC eyes several cryptocurrencies like Litecoin (LTC), Solana (SOL), XRP, and Dogecoin (DOGE) through similar applications, ADA‘s moment in the spotlight might just be delayed. But hey, good things come to those who wait, right? 😜
LTC Takes the Lead 🏃♂️
Eric Balchunas, Bloomberg’s ETF guru, thinks other altcoins might beat Cardano to the punch. He predicts Litecoin has a whopping 90% chance of getting the SEC’s stamp of approval. 🎖️ Poor Cardano, always the bridesmaid, never the bride. 💍…
But there’s hope! With the SEC’s new leadership and a pro-crypto vibe, the Cardano ETF might just have a fighting chance. 🥊
And would you look at that! The mere whisper of Grayscale’s Cardano ETF has sent ADA’s price skyward. 🚀 It’s trading at around $0.71, up almost 7% in 24 hours. Not bad for a day’s work, eh?
Despite the recent crypto market blues, Cardano’s managed to stand tall. Here’s to hoping this is the start of something beautiful. 🌹…
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2025-02-11 02:52