Cardano has managed to outshine a large percentage of the digital asset market this week amid news that the crypto asset management firm Grayscale wants to create a spot ADA exchange-traded fund (ETF) for the smart contract platform.

Cardano's price has shown strong recovery momentum, supported by sustained whale accumulation of 1.41 billion ADA tokens, Grayscale's ETF filing, and technical improvements through the Plomin hard fork.

Crypto investment firm Grayscale on Monday filed to list a Cardano (ADA) exchange traded fund on the New York Stock Exchange. Grayscale, which last year broke through U.S. regulators' blockade against the bitcoin ETF,

Cardano (ADA) is attempting to reclaim the $0.75 support area. Grayscale has applied for an ADA Exchange-Traded Fund (ETF). Can ADA break out from the

Explore why the Cardano price rose after Grayscale ADA ETF application, and what to expect in the coming months.

The CME has not yet listed ADA futures, which is widely considered a prerequisite for gaining approval for a spot ETF

Cardano ADA/USD has jumped 12% in seven days, fueled by Grayscale's application for the first spot ETF. Trader Notes: More Crypto Online foresees a bullish outlook as long as ADA stays above $0.684, with $0.65–$0.56 as the key lower support zone if broken.

Cardano has been navigating a rectangular consolidation phase since mid-2022, with key resistance levels around $0.82 to $0.85. ADA must break above these levels to target the next significant price point of $2.95. If ADA successfully pushes through this resistance, it could trigger a bullish rally, attracting more buyers.

It looks like Grayscale is doubling down on crypto, this time betting big on Cardano. The investment giant filed Monday to launch a Cardano

Following Donald Trump’s victory in the 2024 elections,  asset managers rapidly filed for crypto exchange-traded funds (ETFs) for various coins, including