Grayscale ETF Application Helps Cardano's ADA Outshine Bitcoin and Ether

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Grayscale piles on altcoin ETFs with cardano filing

Grayscale is on a crypto ETF roll....

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Grayscale ETF Application Helps Cardano's ADA Outshine Bitcoin and Ether

Cardano’s ADA token surged 11%, outperforming bitcoin (BTC) and ether (ETH), after Grayscale Investments applied for the first-ever spot ADA exchange-traded fund (ETF) in the U.S. ADA jumped to 80 cents, with the move starting late Wednesday, according to CoinDesk data. However, the ninth-largest cryptocurrency by market value, is still down 36% from its December... The post Grayscale ETF Application Helps Cardano’s ADA Outshine Bitcoin and Ethe…

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Cardano News: ADA Price Holds Firm While Whales Buy More

The post Cardano News: ADA Price Holds Firm While Whales Buy More appeared first on Coinpedia Fintech News Cardano (ADA) price has defied the wider crypto bearish sentiment in the past three days. While the total crypto market cap slipped 4.5 percent in the past 24 hours to hover about $3.26 trillion, ADA price has gained over 11 percent since the beginning of this week to trade about 76 cents on Wednesday, February 12, 2024, during the early Eu…

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Cardano surges 11% in 24 hours – Could ADA ignite a major breakout?

ADA’s 11% surge – The rise of an underdog ready to run, or just hype set to fade? Cardano led the market with double-digit gains as Bitcoin’s …

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Cardano Price Rises By Over 10% As ETF Prospects Heat Up

Cardano price rose sharply on Tuesday, going up by 11% at the time of writing to trade at $0.795. The coin’s break below the $1 mark epitomised its recent decline since mid-January. That momentum has seen ADA price decline by 19% in the last month. Furthermore, despite today’s gain, the coin’s 20-day SMA is still below the 50-SMA, underlining the strong bearish hold. More to It than ETF Momentum? The upward momentum on Cardano price is attribute…

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Key Points The filing was made under NYSE Arca Rule 8.201-E. This marks the first ETF proposal for ADA in the US. According to the latest reports, NYSE Arca has just filed an application...