Crowdfund Insider reported that cryptocurrency asset manager Grayscale is pushing for the launch of a Cardano (ADA) spot ETF. The media outlet stated, "The product is an ETF based on the existing Cardano Trust, and 'GADA' is the likely ticker. Since it's a conversion of an existing trust product into an ETF, the approval process could be simpler than launching a completely new product. The market is speculating on a potential launch in October of this year if the regulatory procedures proceed smoothly."
