SEC Accepts Grayscale Cardano (ADA) Spot ETF Listing Application

BlockBeats News, February 25th, according to Cointelegraph, the U.S. Securities and Exchange Commission (SEC) has confirmed that it has accepted NYSE Arca's application, on behalf of Grayscale, to list a spot Cardano (ADA) ETF. The application was submitted on February 10th and will be custodied by Coinbase Custody Trust Company, with asset servicing and administrative management by BNY Mellon.