%{{tag.tag}} {{articledata.title}} {{moment(articledata.cdate)}} @{{articledata.company.replace(" ","")}} comment Crypto investment firm %Grayscale has filed an application to launch a %Cardano (CRYPTO: $ADA ) exchange-traded fund (ETF) on the New York Stock Exchange. Grayscale, which was among the first investment firms to launch a %Bitcoin (CRYPTO: $BTC ) ETF last year, has never previously offered a standalone Cardano investment vehicle. But the SEC's recent pivot from policing the crypto industry to embracing it has emboldened ETF issuers to try and launch new investment vehicles. Grayscale has also filed to issue a %Solana (CRYPTO: $SOL ) and XRP (CRYPTO: $XRP ) ETF. The Solana and XRP products would convert Grayscale's existing crypto trust products into more widely tradeable ETFs whereas the Cardano ETF would be an entirely new vehicle. Cardano currently ranks among the largest cryptocurrency assets by market capitalization at $25 billion U.S. The token has risen 50% over the past year to currently trade at $0.81 U.S. While many investment firms are filing to launch new crypto ETFs, not many have applied for a Cardano one yet.