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Grayscale Files For Cardano ETF With NYSE as Race Heats Up

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Summary
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72% Informative

Grayscale Investments has submitted an application to the New York Stock Exchange for a Cardano exchange-traded fund (ETF) The Cardano ETF proposal aims to provide institutional investors with regulated exposure to Cardano .

The move is part of a trend in the crypto market, where several asset managers are seeking SEC approval for Cardano and XRP ETFs.

The firm has already filed similar ETF applications for XRP , Solana , and Litecoin .

VR Score

56

Informative language

47

Neutral language

45

Article tone

formal

Language

English

Language complexity

61

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not offensive

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not hateful

Attention-grabbing headline

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not detected

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short-lived

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