NYSE Arca has filed a 19b-4 form for Grayscale's $ADA ETF, triggering a price pump on the Cardano coin that outperformed Bitcoin and all other altcoins on the Top 10 list of cryptocurrencies with the largest market cap.

Grayscale has filed for a Cardano ETF with the NYSE, expanding its crypto ETF offerings after recent applications for XRP, Solana, and Litecoin ETFs.

NYSE Arca files for Grayscale Cardano ETF, offering ADA exposure under ticker GADA, enabling traditional stock market trading access.

NYSE Arca filed a 19b-4 form with the SEC to list a Grayscale Cardano Trust, marking a significant step toward the first US spot Cardano ETF.

The Relative Strength Index (RSI) on the daily chart reads 38, bouncing off from its oversold level of 30 on Sunday, indicating a mild rise in bullish momentum. However, the RSI must trade above its neutral level of 50 for the bullish momentum to be sustained. Such a development would add a tailwind to the recovery rally.

Cardano (ADA) is showing signs of recovery after completing a corrective phase, with Elliott Wave and Fibonacci levels supporting a move toward $1.12. Holding above $0.72 is critical for the bullish scenario.

Cardano (ADA) price rallied by 15%, outperforming major cryptos like Bitcoin, Ethereum, and XRP, on news of Grayscale's spot ETF filing.

The filing highlights Grayscale’s strategy to expand its presence in the cryptocurrency ETF space, as the firm has already filed similar applications for

Grayscale filed paperwork with the New York Stock Exchange (NYSE) for a spot Cardano ETF, the first-ever ADA-based product that could hit US markets. The filing lands as Grayscale continues expanding its crypto offerings,

It looks like Grayscale is doubling down on crypto, this time betting big on Cardano. The investment giant filed Monday to launch a Cardano