Grayscale Investments is preparing to potentially launch a dedicated Cardano ETF, named "GADA," by October 23, 2026. This follows the SEC's approval of new listing standards for spot crypto ETFs, which require a crypto asset to complete six months of CME futures trading before eligibility for a spot ETF review. Cardano's CME futures began on February 9, 2026, making it eligible for the streamlined approval process by August 9, 2026. The SEC's review window under the new standards is capped at 75 days. In a move that underscores growing institutional interest, Grayscale has increased its Cardano holdings within its Smart Contract Fund, raising ADA allocation from 17.96% to 18.33%. This adjustment comes as Grayscale reduces its Ethereum exposure, signaling confidence in Cardano's potential. The prospect of a Cardano ETF, alongside increased institutional exposure, is fueling bullish sentiment around ADA, with investors closely monitoring its market performance.