Cardano Gains Institutional Footing Despite Grayscale ADA ETF Holdup

• Grayscale’s Cardano ETF (GADA) is in regulatory limbo, a delay analysts link to the US shutdown
• Despite the stall, Cardano gained institutional validation with its inclusion in the REX-Osprey Index
• ADA price challenged as whales offload 100M ADA, pushing support to $0.63

Cardano’s exchange-traded fund prospects took center stage this week as analysts weighed the stalled timeline against fresh signs of institutional interest. While Solana and Litecoin funds advanced through no-delay filings during the partial SEC shutdown, Grayscale’s S-1 filing with the SEC with the objective to convert its existing Cardano Trust into a spot ETF stayed quiet. Traders have so far been trying to track the filing mechanics, index flows, and whale wallets to map Grayscale’s next move.

Related: Can Grayscale ETFs Push ADA Above $0.88 and DOT Toward $5.70?

Why the Unusual Delay …

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