Can Grayscale ETFs Push ADA Above $0.88 and DOT Toward $5.70?
- Grayscale submits fresh S-1 filings for DOT and ADA ETFs.
- Cardano ETF approval odds surge to 87%, per Polymarket data.
- ADA price holds support, needs $0.88 breakout for next rally.
Grayscale Investments has filed fresh S-1 registration statements with the U.S. Securities and Exchange Commission (SEC) for Polkadot (DOT) and Cardano (ADA) exchange-traded funds (ETFs).
The filings follow up on previously submitted 19b-4 forms, meaning that Grayscale is formalizing spot product structures for both tokens, similar to the final steps taken before Bitcoin and Ethereum ETFs won approval.
Cardano ETF Odds Improve
According to Polymarket data, the probability of SEC approval for a Cardano ETF has jumped to 87% following Grayscale’s updated filing.
As for ADA price, the recent pullback below $0.88 is not surprising and ADA is still holding important support levels that keep the bullish case intact.
ADA Price Needs to Break $0.88 to Trigger the Next Rally
The main support area sits between $0.789 and $0.852. As long as ADA stays above this range, the possibility of another push higher remains on the table. If ADA dips below $0.812, however, it could si…
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Can Grayscale ETFs Push ADA Above $0.88 and DOT Toward $5.70?
- Grayscale submits fresh S-1 filings for DOT and ADA ETFs.
- Cardano ETF approval odds surge to 87%, per Polymarket data.
- ADA price holds support, needs $0.88 breakout for next rally.
Grayscale Investments has filed fresh S-1 registration statements with the U.S. Securities and Exchange Commission (SEC) for Polkadot (DOT) and Cardano (ADA) exchange-traded funds (ETFs).
The filings follow up on previously submitted 19b-4 forms, meaning that Grayscale is formalizing spot product structures for both tokens, similar to the final steps taken before Bitcoin and Ethereum ETFs won approval.
Cardano ETF Odds Improve
According to Polymarket data, the probability of SEC approval for a Cardano ETF has jumped to 87% following Grayscale’s updated filing.
As for ADA price, the recent pullback below $0.88 is not surprising and ADA is still holding important support levels that keep the bullish case intact.
ADA Price Needs to Break $0.88 to Trigger the Next Rally
The main support area sits between $0.789 and $0.852. As long as ADA stays above this range, the possibility of another push higher remains on the table. If ADA dips below $0.812, however, it could si…
The post Can Grayscale ETFs Push ADA Above $0.88 and DOT Toward $5.70? appeared first on Coin Edition.
Read More