ADA Price Forecast for Feb 25 & ETF Update: SEC Notes Grayscale’s Cardano ETF Filing

• Cardano (ADA) dropped 7% in the past day, trading at the $0.6 price level
• The SEC acknowledged Grayscale’s application for a spot Cardano ETF
• Cardano ranked the fourth project with the most notable development activity in the past month

Cardano (ADA) has dropped sharply, close to 10% in the past 24 hours, trading at $0.6862 as of this writing. This price crash happened even though the US Securities and Exchange Commission (SEC) recognized Grayscale’s filing for a spot Cardano exchange-traded fund (ETF). 

Grayscale ADA ETF Filing Acknowledged by SEC

Grayscale’s proposal, submitted on February 10, 2025, and officially noted by the SEC on February 24, 2025, is designed to offer investors regulated exposure to ADA. 

If approved, shares of the Grayscale Cardano Trust will track ADA’s price, allowing investors to gain exposure without having to directly hold the asset.

Market Sentiment “Bullish” Despite Price Drop

Market sentiment has been positive in response to the news, with betting odds of approval going up to 64% on Polymarket. 

Related: Staked Cardano ETP Goes Live on Nasdaq Helsinki via Virtune

Market participants have become more a…

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