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Cardano earned its ETF fast lane on Aug. 9 — its only sponsor had quit on Aug. 7
Grayscale withdrew its Cardano Trust ETF registration just days before Cardano met the SEC's six-month CME futures threshold, a requirement that would have expedited the ETF's review process. This withdrawal leaves a gap in the market for a dedicated spot Cardano ETF, with existing futures-based or basket ETFs holding minimal assets. The article analyzes whether another sponsor will step in or if this signifies a lack of institutional interest in Cardano.
