Grayscale and NYSE Arca have taken a significant step by filing an application with the US Securities and Exchange Commission (SEC) to list a spot Cardano (ADA) exchange-traded fund (ETF). This move adds momentum to the growing wave of digital asset funds seeking regulatory approval for ETFs, potentially positioning Cardano as a frontrunner in this emerging investment space. The anticipation around this ETF application could attract fresh investment and greater public interest in Cardano. Investors should watch this development closely as it could reshape the landscape of digital assets.