Grayscale Cardano Trust ETF USD Price

Grayscale Investments has taken a significant step toward launching a spot Cardano (ADA) trust, which would track the ADA token price for investors who prefer regulated exposure without direct ownership of the cryptocurrency. The firm recently registered the “Grayscale Cardano Trust” in Delaware as a general statutory trust, signaling its intention to bring a trust product tied to ADA to market.

Unlike derivative-based exposure, the proposed trust aims to hold ADA directly, mirroring the token’s market performance (minus fees and operating costs). This structure is designed to be familiar to investors who have used Grayscale’s other crypto trusts, such as those for Bitcoin (BTC) and Ethereum (ETH). If approved, this vehicle would let both institutional and retail investors gain access to ADA’s upside via more traditional finance channels.