XRP News Today: Grayscale Files Cardano ETF in Delaware as ADA Surges 16%

Grayscale Investments has taken a significant step toward launching a Cardano (ADA) exchange-traded fund (ETF) by registering the Grayscale Cardano Trust ETF in Delaware on August 12, 2025. This development marks a strategic move by the crypto asset manager to expand its product lineup beyond Bitcoin and Ethereum, reflecting growing institutional interest in altcoins. The filing process, a standard precursor to SEC approval, signals Grayscale’s confidence in Cardano’s potential as a regulated investment vehicle and broader market acceptance of alternative blockchain platforms [1].

The announcement has already triggered a notable market response. Cardano’s price surged by 16% in the wake of the ETF filing, reaching $0.98 per token. Analysts attribute this bullish movement to heightened speculation around potential regulatory approval and the anticipated influx of institutional capital. A market analyst noted that ADA could soon break through the $1.50 level, citing increased whale activity and anticipation of a regulated investment product [4]. The cryptocurrency has maintained strong momentum, with a 33.83% rise in the past week and a 24-hour trading volume of £2.67 billion [2].

Grayscale’s approach mirrors the firm’s previous success with its Bitcoin and Ethereum ETFs, which saw significant price rallies following regulatory approvals. Experts estimate a 75–85% likelihood that the Cardano ETF will receive similar approval, based on the precedent set by prior filings. This potential approval could bring greater liquidity and stability to the Cardano market while reinforcing its role in the evolving crypto ecosystem [1].

In addition to the Cardano ETF, Grayscale has also registered entities for a potential Hedera Trust ETF, reflecting a broader diversification strategy in the crypto space. These initiatives highlight the firm’s ongoing efforts to meet the demand for compliant, institution-grade exposure to alternative blockchain assets [1]. The timing of these moves coincides with broader volatility in the crypto market, including regulatory updates and court rulings in other digital asset cases. However, the path toward full regulatory normalization remains complex, with ongoing debates over investor protections and market oversight [5].

Despite these challenges, Grayscale’s actions suggest a continued shift toward mainstream adoption of crypto assets. The firm’s influence in shaping market dynamics has been evident in the past, and the Cardano ETF filing may further accelerate institutional participation in the sector. As the firm moves forward with its regulatory filings, investors and analysts will be closely watching for developments that could define the next phase of Cardano’s journey into traditional financial markets [4].

Source: [1] Bullish stock surges 218% in NYSE debut as crypto enters ... (https://www.coinglass.com/ru/news/533267)

[2] Cardano Price, ADA Price, Live Charts, and Marketcap (https://www.coinbase.com/en-gb/price/cardano)

[3] Crypto exchange Bullish lands upsized $1.1 billion IPO, ... (https://www.fastbull.com/news-detail/crypto-exchange-bullish-lands-upsized-11-billion-ipo-news_6100_0_2025_3_7593_3)

[4] Cardano Price Prediction: Analyst Predicts Breakout to $1.50 Amid Grayscale ETF Speculation (https://coingape.com/markets/xrp-price-prediction-pennant-breakout-signals-6-rally-amid-whale-buying-as-xxrp-etf-hits-462m/)

[5] XRP Court Ruling Sparks Global Financial Shift and Market ... (https://www.ainvest.com/news/xrp-news-today-xrp-court-ruling-sparks-global-financial-shift-market-volatility-2508/)