Logo
Cardano Ecosystem

Coinotag

02/25/2025

·

289 views


SEC Greenlights Grayscale's Spot Cardano (ADA) ETF Application with Coinbase and BNY Mellon

In a significant development for the cryptocurrency market, the U.S. Securities and Exchange Commission (SEC) has approved NYSE Arca's application to list a spot Cardano (ADA) ETF, as reported by Cointelegraph on February 25th. This submission, made on February 10th, marks a substantial step towards

SEC Greenlights Grayscale's Spot Cardano (ADA) ETF Application with Coinbase and BNY Mellon

In a significant development for the cryptocurrency market, the U.S. Securities and Exchange Commission (SEC) has approved NYSE Arca’s application to list a spot Cardano (ADA) ETF, as reported by Cointelegraph on February 25th. This submission, made on February 10th, marks a substantial step towards mainstream acceptance of digital assets. Notably, the ETF’s custodial needs will be managed by Coinbase Custody Trust Company, while the operational management will be overseen by BNY Mellon. Such institutional involvement highlights a robust framework for asset servicing, potentially attracting a broader investor base interested in cryptocurrencies. This milestone reflects the growing legitimacy of cryptocurrency investment vehicles and suggests an increasing regulatory acceptance in financial ecosystems.

AD

Proposals Catalyst F14 - Cast your vote, search "Otavio" in the Voting App.

If you are you using your ADA to vote in Cardano’s Project Catalyst don’t forget to voice your vote. We would be excited if you can see, comment, share and vote for us. Tip: To find them its easiest to search for "Otavio"Vote for Us


Read Original Article on Coinotag

ORIGINAL SOURCE

https://en.coinotag.com/breakingnews/sec...

Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


More from Coinotag

See more
Coinbase ADA Holdings Surge 462% as XRP Reserves Fall Nearly 98%
Coinotag
Coinbase ADA Holdings Surge 462% as XRP Reserves Fall Nearly 98%

today at 5:57 AM

·

9 views

Related News

See more
Banner-Tech-Summit-Rio

Voting for Us - Catalyst Fund 14

Featured News

See more



    DEFAULTENGLISH (EN)SPANISH (ES)RUSSIAN (RU)GERMAN (DE)ITALIAN (IT)POLISH (PL)HUNGARIAN (HU)JAPANESE (JA)THAI (TH)ARABIC (AR)VIETNAMESE (VI)PERSIAN (FA)GREEK (EL)INDONESIAN (ID)ROMANIAN (RO)KOREAN (KO)FRENCH (FR)CZECH (CS)PORTUGUESE (PT)TURKISH (TR)