The SEC's generic listing standards require six months of regulated futures trading before a crypto asset qualifies for streamlined spot-ETF review.
Clearing this bar removes one procedural hurdle. An exchange still has to list a product, and the SEC's review period still has to run without objection.
Once a listing is activated, the SEC has up to 75 days to decide. Activated on or near August 9, that points to around October 23, 2026.
Grayscale already runs a Cardano Trust and has said it wants to convert it into a listed spot ETF, ticker GADA, by late 2026.
Not another headline about eligibility — a specific exchange filing to activate a Cardano listing, with a specific date attached.
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