Cardano Futures Reach Six-Month Milestone, Boosting ETF Hopes

The Cardano ETF countdown has begun as regulated ADA futures on CME hit a key milestone. On August 9, CME's ADA futures will complete six months of trading, potentially paving the way for a faster SEC review path for Grayscale's pending spot Cardano ETF.

This development comes as ADA leads major altcoins with a strong 20% weekly rally. The surge in price has added fuel to the expectations surrounding an ADA-based investment product.

Grayscale has already filed for the Grayscale Cardano Trust ETF (GADA), which would hold ADA directly and track its market price. This filing, combined with the six-month CME milestone, improves Cardano's ETF case.

However, it does not guarantee SEC approval, as the regulator may still consider ADA a security, which could delay or even prevent an ETF from being approved.