Grayscale Plans to Launch Cardano-Focused ETF by 2026

Grayscale is reportedly planning to introduce an ETF focused on Cardano by the end of 2026. According to ChainCatcher, the ETF is expected to trade under the ticker symbol GADA. This new product will convert Grayscale's existing Cardano Trust into a publicly listed ETF. If regulatory filings are activated by mid-August, it could trigger a streamlined review process by the SEC, potentially allowing trading to commence by late October 2026. Recently, Grayscale has adjusted the asset allocation within its smart contract fund, increasing Cardano's weight from approximately 17.96% to 18.33%, while reducing exposure to other assets like Ethereum.