Grayscale Investments has taken a significant step forward in the crypto market by registering the “Grayscale Cardano Trust ETF” in Delaware. This move, made on August 12, 2025, is part of Grayscale’s strategy to introduce a spot Cardano ETF to investors, following the establishment of Delaware trusts before formal SEC applications.
As the SEC reviews NYSE Arca’s 19b-4 filing for a spot Cardano ETF, analysts are hopeful, estimating a high likelihood of approval by late August. If greenlit, this ETF would provide both institutional and retail investors with a more accessible route to gain exposure to ADA without the complexities of crypto custody.
Grayscale’s foray into altcoin ETFs beyond Bitcoin and Ethereum products reflects the growing demand from institutions for diversified crypto investment options.
Strong Investor Confidence Reflected in Record Long-Term Holders
An all-time high of over 15 billion ADA tokens have been held without movement for over a year, indicating a deep confidence among long-term investors in Cardano. This steadfast belief persists even during periods of price stagnation.
Cardano’s reputation for research-focused development and scalability has garnered attention, especially after the rollout of its Midnight privacy protocol. This development has solidified Cardano’s position in enterprise and privacy-focused blockchain applications, attracting increased institutional interest.
Technical analysis points to a building bullish trend. ADA recently surpassed the crucial $0.85 resistance level, and if it maintains above this mark, analysts predict a potential surge towards $1.20, signifying a potential 48% gain from current levels.
Regulatory Developments Could Propel Cardano’s (ADA) Growth
The recent approval by the SEC of in-kind redemption mechanisms for Bitcoin and Ethereum ETFs has bolstered confidence in the crypto ETF market. Coupled with regulatory initiatives like “Project Crypto” aimed at clarifying asset classifications, the landscape is becoming more conducive for altcoin ETFs.
If the Cardano ETF secures approval, it may attract substantial institutional investments and enhance ADA’s liquidity. With long-term holders at a peak and positive regulatory movements, market experts maintain an optimistic outlook. Projections hint at ADA potentially surpassing $1.50 if these favorable conditions persist.
Cover image from ChatGPT, ADAUSD chart from Tradingview