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NYSE Arca Backs Grayscale’s First-Ever Cardano ETF – ADA Skyrockets!
TL;DR NYSE Arca files for Grayscale’s first-ever standalone Cardano ETF, marking a significant step towards creating a U.S.-based ETF for ADA. The announcement led to ADA’s
Cardano is a decentralized blockchain platform and cryptocurrency created in 2017. Its native cryptocurrency, ADA, is used for transactions and as a store of value.
Cardano aims to offer a more secure and sustainable blockchain ecosystem through its use of a proof-of-stake consensus algorithm, which requires less energy than traditional proof-of-work algorithms.
Cardano’s development is driven by a scientific approach, with a focus on academic research and peer-reviewed papers. Its goal is to create a scalable and interoperable blockchain that can support a wide range of decentralized applications and use cases.
Cardano’s team has also created a unique governance model that allows stakeholders to vote on proposed changes to the network, ensuring a more democratic and decentralized decision-making process.
TL;DR NYSE Arca files for Grayscale’s first-ever standalone Cardano ETF, marking a significant step towards creating a U.S.-based ETF for ADA. The announcement led to ADA’s
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