ADA price forms bullish setup while Grayscale files S-1 for Cardano Trust ETF, sparking interest ahead of SEC ruling.
Cardano’s ADA token is drawing attention as Grayscale advances its exchange-traded fund plans and traders observe bullish signals. The latest regulatory filing and recent chart patterns are creating focus around the cryptocurrency as it approaches critical levels.
Grayscale Submits S-1 Filing for Cardano ETF
Grayscale has submitted an S-1 filing with the United States Securities and Exchange Commission for a Cardano ADA Trust ETF. This filing follows its earlier 19b-4 application, moving the process closer to an official review.
According to information shared by Cardanians, the S-1 is the formal document that describes how the Cardano ETF would operate. The filing outlines that the proposed fund would list on NYSE Arca with the ticker GADA.
JUST IN: 🇺🇸 Grayscale has submitted an S-1 filing to the SEC for a Cardano $ADA Trust ETF 🚨
The S-1 is the official registration that explains how the Cardano ETF would work.
With both filings in, Grayscale seems prepared and likely counting on SEC approval. pic.twitter.com/NfV3HHD9YF
— Cardanians (CRDN) (@Cardanians_io) August 30, 2025
Coinbase Custody is set to serve as custodian, while pricing would track the CoinDesk Cardano Index. The ETF would issue shares in blocks of 10,000 and may enable ADA staking rewards in the future.
Technical Structure Shows Bullish Setup
Cardano’s price has been moving with higher highs and higher lows across multiple timeframes. Analysts point to this sequence as a possible bullish flag formation that could sustain momentum.
Crypto trader Carl Moon noted that ADA is showing a potential bull flag on the daily and four-hour charts. He pointed out that this setup could position the token for a strong upward move if conditions remain steady.
ADA is currently trading near $0.83 with support at $0.70 and resistance around $1.20 to $1.30. Breaking above this level could open the path toward $1.50.
SEC Decision and Market Outlook
The SEC has already acknowledged Grayscale’s 19b-4 filing, and with the S-1 now submitted, the process enters a key phase. The final decision deadline is expected in late October 2025, with October 26 identified as a likely date.
The Cardano community has started a countdown to the regulator’s ruling, with optimism reflected in prediction markets. Polymarket shows approval odds near 87%, while Bloomberg analysts estimate about 75%.
ADA ranks as the tenth largest cryptocurrency with a market capitalization close to $29.8 billion. Market observers suggest that ETF approval could bring greater institutional access while technical momentum remains supportive.
