So picture this, folks: Grayscale waltzes into the SEC’s office, wearing its Sunday best, clutching an S-1 registration like it’s the last bagel at a Brooklyn deli. What’s on the menu? A Cardano (ADA) ETF, fresh off the 19b-4 oven. Oy vey, Delaware’s registration portal barely had time to schlep on its slippers before Grayscale strolled in with this news.
Meanwhile, Cardanians-a group on X who probably spend more time refreshing charts than talking to their mothers-spill the gefilte fish with this tweet:
JUST IN: 🇺🇸 Grayscale has submitted an S-1 filing to the SEC for a Cardano $ADA Trust ETF 🚨
The S-1 is the official registration that explains how the Cardano ETF would work.
With both filings in, Grayscale seems prepared and likely counting on SEC approval.
– Cardanians (CRDN) (@Cardanians_io) August 30, 2025
S-1 registration, folks-for those not fluent in SEC-ese, that’s basically paperwork thicker than your Aunt Miriam’s brisket, outlining GADA (not to be confused with Gouda, sadly), the bold ticker planned for NYSE Arca.
Coinbase Custody will handle the goods, tracking ADA’s price like hawks circling the last dollar at a poker table. They’re even teasing ADA staking for rewards, because who said finance can’t be a little spicy?
Countdown to SEC Deadline: Or, Who Wants to Wait in Line?
The SEC tipped its hat to NYSE Arca’s 19b-4-no roses, just bureaucracy. With Grayscale dropping not one but TWO filings, you’d swear these crypto folks are prepping for the Super Bowl (and honestly, the snacks are probably better at SEC meetings).
Pencil in October 26, 2025-or don’t, because who can trust calendars? That’s when the SEC may bless or curse this Cardano ETF. The ADA crowd is already buzzing like a Bar Mitzvah, betting odds on Polymarket are hotter than a Miami sidewalk in July (87%!), while Bloomberg’s analysts, bless their hearts, say 75%. If only someone would accept odds on analyst odds. Someone call Vegas.
ADA: 10th largest coin, $29.78 billion market cap, trading at $0.833, and probably feeling very insecure about those nine coins ahead of it (“Mom, why can’t I be first?”).
Will this ETF go live or will it be left holding its ticker? Tune in for SEC drama, crypto gossip, and a level of suspense the blockchain could barely handle. 🥁🤡
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2025-08-30 13:28