Grayscale plans to launch a Cardano ETF by the end of 2026

According to market news, Grayscale plans to launch an ETF focused on Cardano by the end of 2026, with the expected trading code GADA.

The product will convert Grayscale's existing Cardano trust into a publicly traded ETF. If the existing regulatory documents are activated in mid-August, it may trigger a simplified review process by the SEC, allowing trading to begin as early as late October 2026. Recently, Grayscale has made slight adjustments to the asset allocation in its smart contract fund, increasing the weight of Cardano from approximately 17.96% to 18.33%, while reducing exposure to other assets like Ethereum.