[Grayscale Plans to Launch Cardano ETF by End of 2026] According to Crowdfund Insider, Grayscale plans to launch an ETF focused on Cardano by the end of 2026, with the expected trading code GADA. This product will convert Grayscale's existing Cardano Trust into a publicly listed ETF. If the current regulatory filings are activated in mid-August, it may trigger a simplified review process by the SEC, potentially allowing trading to begin as early as late October 2026. Recently, Grayscale has adjusted the asset allocation in its smart contract fund, increasing the Cardano weighting from approximately 17.96% to 18.33%, while reducing exposure to other assets such as Ethereum.