SEC Reviewing Grayscale's ADA Spot ETF Application
Date: 2025-02-26 Author: Oliver Abernathy Categories: BUSINESS
Grayscale intends to add a new investment product to its line of cryptocurrency ETFs, which already include funds based on Bitcoin (GBTC, BTC) and Ethereum (ETHE, ETH). If approved, the ADA ETF will be listed on the New York Stock Exchange (NYSE), which will provide investors with the opportunity to trade this asset in a regulated environment.
Changes in the SEC leadership may affect the commission's future policy. After Donald Trump returned to the presidency, the head of the agency was replaced: Mark Uyeda, known for his favorable attitude towards cryptocurrencies, took over temporarily. However, in June 2026, he will be replaced by Paul Atkins, who is also considered a supporter of digital assets.
The SEC’s new course on crypto regulation was one of the first steps of the updated leadership. A task force was created to develop rules aimed at both protecting investors and supporting the growth of the digital asset sector.
In addition to Grayscale’s application, the SEC has already approved several Solana (SOL) spot ETFs filed by Canary, VanEck, Bitwise, and 21Shares. Although these funds have not yet begun trading, a decision on final admission to exchanges is expected within a month.
The regulator also recently accepted Bitwise’s proposal to launch an ETF tied to Ripple’s XRP token. This event indicates a gradual move towards the integration of digital assets into traditional financial markets, creating new opportunities for institutional investors.
