Cardano Secures 3rd Spot in Grayscale Rankings Ahead of August ADA ETF Decision
The post Cardano Secures 3rd Spot in Grayscale Rankings Ahead of August ADA ETF Decision appeared on BitcoinEthereumNews.com. Cardano has secured a significant position in Grayscale’s latest crypto rankings, overtaking several rivals. This comes with growing speculations that the U.S. SEC will deliver its verdict on a proposed ADA ETF this month. Cardano Takes 3rd Place in Grayscale’s Weekly Performance Rankngs Grayscale placed Cardano in third position in its latest “Top 10 Crypto Assets by Weekly Returns” snapshot. This came after it recorded a 6.3% gain between July 31 and August 7, 2025. This marks a sharp turnaround from the previous week, when ADA was ranked ninth after an 8.1% drop. Source: X Despite the weekly boost, ADA’s year-to-date gains have slowed to 6.8%, bringing its market capitalization to $28.7 billion. Cardano’s price dropped 3.48% over the past day, less than the 1.78% drop in the overall cryptocurrency market. The momentum coincided with the successful launch of Midnight. This is a privacy-focused protocol on the Cardano network that has garnered a lot of community attention. In the same ranking, XRP topped the list with a 9.7% weekly gain, followed by Stellar in second place. Dogecoin, Ethereum, Tron, and Solana filled the fourth to seventh spots with gains between 4.2% and 6.1%. Bitcoin’s performance was more subdued, ranking eighth with just a 1.5% weekly increase. BNB and Hyperliquid rounded out the top 10. ADA ETF Update Expected by End of August Speculations have risen in the community on the expected approval of the ADA ETF. Analysts are projecting that the U.S. SEC will likely respond to Grayscale’s Cardano ADA ETF application before the end of August. Recent regulatory clarifications suggesting that certain staking activities are not securities have improved optimism for approval. Polymarket data currently gives the ADA ETF a 75% chance of receiving the green light. However, the SEC could still delay its final verdict until October 23.…
The post Cardano Secures 3rd Spot in Grayscale Rankings Ahead of August ADA ETF Decision appeared on BitcoinEthereumNews.com.
Cardano has secured a significant position in Grayscale’s latest crypto rankings, overtaking several rivals. This comes with growing speculations that the U.S. SEC will deliver its verdict on a proposed ADA ETF this month. Cardano Takes 3rd Place in Grayscale’s Weekly Performance Rankngs Grayscale placed Cardano in third position in its latest “Top 10 Crypto Assets by Weekly Returns” snapshot. This came after it recorded a 6.3% gain between July 31 and August 7, 2025. This marks a sharp turnaround from the previous week, when ADA was ranked ninth after an 8.1% drop. Source: X Despite the weekly boost, ADA’s year-to-date gains have slowed to 6.8%, bringing its market capitalization to $28.7 billion. Cardano’s price dropped 3.48% over the past day, less than the 1.78% drop in the overall cryptocurrency market. The momentum coincided with the successful launch of Midnight. This is a privacy-focused protocol on the Cardano network that has garnered a lot of community attention. In the same ranking, XRP topped the list with a 9.7% weekly gain, followed by Stellar in second place. Dogecoin, Ethereum, Tron, and Solana filled the fourth to seventh spots with gains between 4.2% and 6.1%. Bitcoin’s performance was more subdued, ranking eighth with just a 1.5% weekly increase. BNB and Hyperliquid rounded out the top 10. ADA ETF Update Expected by End of August Speculations have risen in the community on the expected approval of the ADA ETF. Analysts are projecting that the U.S. SEC will likely respond to Grayscale’s Cardano ADA ETF application before the end of August. Recent regulatory clarifications suggesting that certain staking activities are not securities have improved optimism for approval. Polymarket data currently gives the ADA ETF a 75% chance of receiving the green light. However, the SEC could still delay its final verdict until October 23.…
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