ADA Rallies 14% After Grayscale Spot ETF Announcement

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The Cardano native token has surged double digits following a spot ETF application from crypto asset manager Grayscale. 

On Feb. 10, crypto asset manager Grayscale officially filed for a Cardano exchange-traded fund with the New York Stock Exchange, expanding its push into regulated crypto investments.

The firm has never previously offered a standalone investment vehicle for ADA despite making past moves to do so.


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