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ETF STATUS: 🇺🇸 Grayscale's #Cardano $ADA Spot ETF $GADA was registered as a Delaware Statutory Trust in August. The SEC's extended approval deadline was set for October but was further delayed from government shutdowns and regulatory uncertainty. Approval is expected early 2026.

JUST IN: 🇺🇸 LBank says "while no Spot #Cardano $ADA ETF has been approved, the groundwork continues to develop. Most expectations now center on a potential decision window in early 2026, dependent on SEC actions and broader crypto market developments."

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JUST IN: 🇺🇸 LBank says "Grayscale's #Cardano $ADA ETF filings remain one of the most closely watched applications. Final decision deadlines have been pushed multiple times. Approval odds are viewed as relatively strong by some market participants."

JUST IN: 🇺🇸 LBank says "#Cardano $ADA's network developments such as scalability upgrades and ecosystem expansion continue to strengthen the long term adoption narrative. While these factors do not guarantee ETF approval, they may improve institutional perception over time."