Cardano Climbs to Third in Grayscale Rankings Amid SEC Review of ADA ETF and Launch of Midnight Protocol
Main Idea
Cardano ranks third in Grayscale’s performance rankings due to a 6.3% weekly gain and the anticipated SEC review of its ADA ETF, which has a 75% approval probability.
Key Points
1. Cardano is currently ranked third in Grayscale’s performance rankings after a 6.3% weekly gain.
2. The SEC is reviewing an ADA ETF application, with a 75% chance of approval expected by late August.
3. Approval of the ADA ETF could enhance institutional access and trading volumes for ADA.
4. Cardano’s recent gains are also attributed to the launch of its Midnight privacy protocol.
5. The market is closely watching the SEC’s decision, which could significantly impact Cardano’s future.
Description
Cardano is currently ranked third in Grayscale’s performance rankings, driven by a 6.3% weekly gain and the anticipated SEC review of its ADA ETF application, which has a 75% approval
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