Cardano Price Analysis: Will Grayscale’s Latest ETF Filing Drive ADA to $1?

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Cardano’s 10% weekly timeframe price decline stabilized near $0.82 on Saturday after Grayscale filed registration statements with the SEC for new ADA and Polkado (DOT) exchange-traded funds. The proposed ADA ETF will trade on NYSE Arca under the ticker GADA, tracking  CoinDesk’s Cardano Price Index (ADX).

Grayscale’s S-1 Cardano ETF Filing, August 29, 2025 | Source: SEC.gov

Grayscale also submitted an S-1 for a Polkadot ETF, set to list on Nasdaq under ticker DOT, following the CoinDesk Polkadot CCIX Reference Rate. Both ETFs are designed as passive funds holding the underlying tokens in custody with Coinbase, without leverage or derivatives.

New: @Grayscale submits S-1s for both their Cardano and Polkadot ETFs. They had already submitted 19b-4s for each of these — so these aren't brand new filings pic.twitter.com/JtcVBiKU2T

— James Seyffart (@JSeyff) August 29, 2025

Despite the ETF headlines,...

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