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. 🌹…
Read More
- SWFTC PREDICTION. SWFTC cryptocurrency
- DOGE Will Never ‘Cost You $1 Billion’ in Future, Dogecoin Team Says
- RSR PREDICTION. RSR cryptocurrency
- Sony’s New Gaming Robot Mimics Video Game Characters in Real Time!
- Monopoly GO: Slope Speedsters Rewards And Milestones
- LUNC PREDICTION. LUNC cryptocurrency
- Monaco 2 demo coming as part of Steam Next Fest
- How One Game Mechanic Could Unify Kingdom Hearts 4 and Final Fantasy 7!
- Can Donald Trump Truly Make US The Crypto Capital?
- Ghost of Yotei’s Wolf Could Be the Perfect Companion
2025-02-11 02:52