Cardano ETF Deadline This Week – Will SEC Approve?

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Will the SEC Give Cardano a Thumbs Up or a Resounding No? 🤔

Ah, the delightful world of cryptocurrency, where fortunes are made and lost faster than you can say “blockchain.” This week, our dear friends over at X account @Cardanians_io have been chirping about a rather important announcement from the SEC regarding the ADA ETF filed by the illustrious Grayscale fund managing company. One can only imagine the tension in the air—like waiting for a soufflé to rise! 🥴

Grayscale’s ADA ETF SEC Deadline Approaches

On the 11th of February this year, Grayscale Investments, in a move that could only be described as audacious, submitted an application to the US Securities and Exchange Commission (SEC) for the approval to launch a spot ADA exchange-traded fund (ETF) on the New York Stock Exchange. Not to be outdone, Grayscale has also thrown its hat into the ring with ETFs powered by Solana and XRP. Because why not? More is merrier, right?

According to a rather official-looking screenshot from the SEC document, the decision is due on May 29—just three days away! So, the anticipation is palpable, much like waiting for a cat to decide whether it wants to sit on your lap or not. 🐱

🇺🇸 Grayscale’s Cardano $ADA ETF deadline for decision is this week.

The SEC must approve, deny, or delay it by this Thursday, May 29.

Do you think it’ll get approval this week?

— Cardanians (CRDN) (@Cardanians_io) May 26, 2025

In a delightful twist, a Swedish wealth managing company, Virtune, has already launched a Staked Cardano ETP (VIRADAE) on Nasdaq Helsinki earlier this February, just before Grayscale decided to join the party. Talk about being fashionably late! 🎉

The Virtune product boasts a 1:1 physical support for ADA, cold storage security via Coinbase, and a 2% yearly staking reward. Not too shabby, eh?

Cardano ETF Sees 71% Chance Approval on Polymarket

Now, if you fancy a bit of gambling—er, I mean, predicting—the users on the prediction platform Polymarket are feeling rather optimistic about Grayscale’s ADA ETF approval. The odds have jumped from a mere 55% on May 15 to a whopping 71% now! It seems the crypto crowd is feeling lucky, and who can blame them? After all, confidence is key, much like a well-timed joke at a dinner party. 🍷

First XRP ETF Gets Launched

Meanwhile, in the land of XRP, the first futures ETF was launched by the investment firm Volatility Shares on Nasdaq under the XRPI ticker. This momentous occasion occurred on May 19, right after the CME exchange decided to join the XRP bandwagon with its own futures product. Talk about a crypto party! 🎊

Ripple CEO Brad Garlinghouse, while gracing the “Crypto in One Minute” podcast last week, shared that crypto ETFs are “exciting.” He believes they are opening doors wide for financial institutions to dip their toes into the crypto waters. He even reminded us that the Bitcoin ETF was the first asset to reach $1 billion, and it’s only a matter of time before it starts eyeing gold ETFs with envy. 🏆

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2025-05-26 15:47