The US ETF market has seen increased activity this week, especially with Grayscale's recent filing for a spot Cardano ETF.
Activity in the ETF Market
The US ETF market is again active. Newly launched spot ETFs have generated interest from institutional investors. Meanwhile, the crypto market is gradually recovering from the recent crash.
Grayscale's Cardano ETF Filing
US-based ETF issuer Grayscale filed for a spot Cardano ETF, adhering to NYSE guidelines, aiming for mainstream adoption. Recently, several issuers filed for altcoin spot ETFs following the success of Bitcoin and Ethereum ETFs.
Future of the ETF Market
Analysts predict a boom in the ETF market in 2025, highlighting an increase in filings and SEC administration changes, which may improve approval chances, such as Grayscale’s filing.
Cryptocurrency-based ETFs are gaining investor interest and are predicted to play a significant role in the market in the coming years.