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Cardano ETF hype grows as Grayscale pushes for approval, while Rexas Finance eyes a top crypto spot.

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As asset managers submit applications for exchange-traded funds (ETFs), several cryptocurrencies have been under news coverage. After the approval of Bitcoin (BTC) and Ethereum (ETH) ETFs, Cardano (ADA) is now under the focus as talks of an ADA ETF pick momentum. Grayscale made public on February 11 its intentions to float an ADA ETF on the New York Stock Exchange (NYSE).

NYSE Arca sent the U.S. Securities and Exchange Commission (SEC) a 19b-4 form asking permission for the Grayscale Cardano Trust, which would trade …