Grayscale's stated intent to convert its Cardano Trust into ticker GADA is not the same as a completed, trading ETF.
Once activated, the SEC's review period runs up to 75 days. No objection in that window is what actually produces a launch.
Before generic standards, each crypto ETF needed a separate 19b-4 exchange filing plus an S-1, a process that often took nine months or more.
Solana- and XRP-linked products moved through the same generic-standard pathway earlier in 2026, each on its own futures-launch calendar.
A dated listing activation, not a restated eligibility headline, is the next piece of evidence that actually moves the timeline forward.
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