Grayscale applied for the listing of Cardano ETF on the New York Stock Exchange on Monday

The cryptocurrency investment company Grayscale applied on Monday to list the Cardano (ADA) exchange-traded fund on the New York Stock Exchange. Last year, Grayscale broke through the U.S. regulatory blockade of Bitcoin ETFs. Although there have been related measures in the past, no independent ADA investment tool has ever been launched before.

However, with Trump 2.0's Securities and Exchange Commission (SEC) shifting from regulating to seemingly embracing the cryptocurrency industry, issuers are more courageous in thinking about what they can do.

In recent weeks, Grayscale has also applied for Solana and XRP ETFs. These products will convert Grayscale's existing cryptocurrency trust products into ETFs with a wider trading range, while ADA ETF is a completely new product.