In a significant development for the cryptocurrency market, the U.S. Securities and Exchange Commission (SEC) has approved NYSE Arca's application to list
The U.S. Securities and Exchange Commission (SEC) has approved NYSE Arca’s application to list a spot Cardano (ADA) ETF, Cointelegraph reported on February 25th. The application, submitted on February 10th, brings the cryptocurrency closer to mainstream acceptance.Coinbase Custody Trust Company will handle the ETF’s custodial needs, and BNY Mellon will oversee its operational management. This institutional involvement provides a robust framework for asset servicing, potentially attracting a broader investor base interested in cryptocurrencies.This milestone marks the growing legitimacy of cryptocurrency investment vehicles and suggests an increasing regulatory acceptance in financial ecosystems.
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