CARDANO ETF COUNTDOWN BEGINS — ADA HITS KEY SEC MILESTONE!
Cardano (ADA) is trading near $0.20, up roughly 15% over the past week. August 9 marked a major milestone — CME's ADA futures completed six months of regulated trading.
What This Means:
· The SEC's generic listing standards require six months of regulated futures trading for spot ETF eligibility
· Grayscale's GADA spot ETF filing is already on file
· If the SEC reviews eligible applications, a 75-day window points to October 23 as a potential decision date
⚠️ The Catch: The SEC previously named ADA in its 2023 lawsuits — regulatory uncertainty remains.
⚠️ Also: ADA's daily trading volume crashed 62% to $314M. Whales accumulated 240M ADA recently.
Key Level: Resistance at $0.21–$0.22; support at $0.19.
$ADA
#Cardano #ADA #ETF #CME #Altcoins
Cardano (ADA) is trading near $0.20, up roughly 15% over the past week. August 9 marked a major milestone — CME's ADA futures completed six months of regulated trading.
What This Means:
· The SEC's generic listing standards require six months of regulated futures trading for spot ETF eligibility
· Grayscale's GADA spot ETF filing is already on file
· If the SEC reviews eligible applications, a 75-day window points to October 23 as a potential decision date
⚠️ The Catch: The SEC previously named ADA in its 2023 lawsuits — regulatory uncertainty remains.
⚠️ Also: ADA's daily trading volume crashed 62% to $314M. Whales accumulated 240M ADA recently.
Key Level: Resistance at $0.21–$0.22; support at $0.19.
$ADA
#Cardano #ADA #ETF #CME #Altcoins