Grayscale is set to introduce a Cardano-focused ETF by the end of 2026, with the anticipated ticker symbol GADA. This new product will transition Grayscale's existing Cardano Trust into a publicly traded ETF. If Grayscale activates its regulatory filings by mid-August, the SEC's streamlined review process could allow trading to commence as early as late October 2026. In preparation for this launch, Grayscale has adjusted its smart contract fund's asset allocation, increasing Cardano's weight from 17.96% to 18.33%, while reducing its exposure to other assets like Ethereum. This move underscores Grayscale's strategic focus on Cardano as it prepares for the ETF's debut.