Cardano finally cleared the SEC shortcut for a spot ETF, but its last remaining sponsor quit two days too early
Grayscale withdrew its registration for the Cardano Trust ETF on Aug. 7, telling the SEC only that it “does not intend to proceed with the planned distribution.” The move was voluntary and came along with parallel registrations for Hedera and Polkadot, within about three minutes of each other that same afternoon. Two days later, ADA […] The post Cardano finally cleared the SEC shortcut for a spot ETF, but its last remaining sponsor quit two days too early appeared first on CryptoSlate.
Key Takeaways
- Grayscale withdrew its registration for the Cardano Trust ETF on Aug.
- 7, telling the SEC only that it “does not intend to proceed with the planned distribution.” The move was voluntary and came along with parallel registrations for Hedera and Polkadot, within about three minutes of each other that same afternoon.
- Read the full article for additional context and details.
Summary generated by IndiCrypto from CryptoSlate. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Regulation
Nvidia’s $500 billion AI infrastructure push leaves crypto compute further behind
Nvidia has signed memorandums of understanding with six major Wall Street firms to establish "AI compute" as a bankable infrastructure asset.
UK lawmakers question lenders over lack of banking for the country’s crypto firms
The U.K.’s Crypto and Digital Assets All-Party Parliamentary Group asked banks to explain their approach to providing banking services to crypto and digital asset businesses.
SEC Approves Revised Bitcoin ETF Framework for Retail Investors
The U.S. Securities and Exchange Commission has approved a revised framework allowing more Bitcoin ETF products aimed at retail investors. The update standardises disclosure and custody requirements across issuers, and is expected to broaden institutional…