The gray-scale initiative plans to launch the Cardano ETF by the end of 2026.

According to Crowdfund Insider, digital asset management firm Grayscale Investments plans to launch an exchange-traded fund (ETF) focused on Cardano (ADA) by the end of 2026. The product is expected to trade under the ticker symbol GADA and would convert Grayscale’s existing Cardano Trust into a listed ETF—rather than filing a new application. If the relevant regulatory filings take effect by mid-August, the application may enter the U.S. Securities and Exchange Commission’s (SEC) streamlined review process and could begin trading in late October 2026. Grayscale has also recently increased ADA’s weight in its Smart Contract Fund from approximately 17.96% to 18.33%.