Grayscale, a leading US fund manager, has filed for the first-ever Cardano ETF, marking a pivotal moment in the crypto market. This filing represents the 60th crypto ETF application this year, signaling rising interest in cryptocurrencies through traditional investment vehicles. Should the Cardano ETF receive approval, it would represent a major milestone for the altcoin market. As anticipation grows, investors are exploring potential altcoin plays that could benefit from the influx of capital that a Cardano ETF would generate. This situation reflects a broader trend of institutional interest in cryptocurrencies, opening up new avenues for investment in the market.