SEC Reviews NYSE's Grayscale Cardano ETF Application

According to Foresight News, the U.S. Securities and Exchange Commission (SEC) has confirmed the acceptance of the New York Stock Exchange's (NYSE) application for a Grayscale spot Cardano ETF. NYSE Arca, a subsidiary of the NYSE Group, initially submitted a proposal to the SEC on February 10, seeking approval to list and trade shares of the Grayscale Cardano Trust on the stock exchange.