GrayScale Investments has officially submitted to launch the Cardano Transped (ETF) trader box on the New York Stock Exchange, which represents a milestone for the ADA community. The proposal, presented by Nyse Arca on behalf of Grayscale, seeks to include and trade stocks in Cardano Trust. This move in a gray race among other asset managers who are racing to launch the CRYPTO investment funds, and also represents the first time that Grayscale has provided an exclusive independent product for Cardano, separate from his biggest money.
GrayScale has already included Cardano in the CAP Digital Digital and Smart Contrant Ethereum, but this new box will focus exclusively on Ada, where each of the investors of retail and institutions offer a more direct and cost -effective way to invest in Cardano without complications to obtain and secure Ada themselves .
“The proposed base change is designed to enhance the principles of fair and equitable trade and protect investors and the public interest in the presence of a large number of Ada prices and the available market information on public websites and through professional and subscription services”, “The company”. He said in the deposit.
This deposit adds to the growing momentum behind Cardano, who also witnessed interest from other institutional players. Recently, Virtune, its Finnish headquarters, has presented its own independent Cardano ETP, and launched 21shares ETF headquarters with Cardano with more than $ 69 million in assets.
This step is seen by Grayscale, a reliable asset manager, as a positive sign for Cardano in the long term. Since more institutional funds flow to Ada through these specialized products, many believe that Cartano’s dependence and value of height. Ada has gained 10 % in the past 24 hours and is currently trading at $ 0.75.
