Total bullshit $ADA - As of January 25, 2025, Grayscale has not filed for a standalone Cardano (ADA) ETF. However, Cardano is included in some of Grayscale’s existing funds and potential ETF conversions:
1.Grayscale Digital Large Cap Fund (GDLC): ADA was recently re-added to this fund, comprising 1.44% of its $811.5 million portfolio. Grayscale filed to convert this multi-asset fund into an ETF in October 2024, which would indirectly expose investors to ADA if approved.
2.Grayscale Smart Contract Platform Ex-Ethereum Fund: ADA makes up 20% of this fund, making it the second-largest holding after Solana.
3.Bitwise 10 Crypto Fund (BITW): NYSE Arca filed to convert this fund, which includes ADA with a 1.6% weighting, into an exchange-traded product (ETP).
While these funds include ADA, there’s no indication of Grayscale filing for a standalone Cardano ETF. The focus for single-asset crypto ETFs has primarily been on Bitcoin, Ethereum, and more recently, XRP and Solana. The crypto community is watching closely to see if ADA-specific ETF filings will follow, as some believe it could significantly impact ADA’s price.
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