Internet reports that the SEC accepted a Cardano (ADA) spot ETF application submitted by Arca on behalf of Grayscale on the New York Stock Exchange. Previously, the SEC has accepted a large number of cryptocurrency ETFs, including Cboe's XRP ETF, Grayscale's spot XRP and DOGE ETF. Previously, NYSE Arca submitted a Form 19b-4 on behalf of Gray on February 11 to form the proposed Gray Cardano Trust Fund. According to the documents, the custodian will be Coinbase Custody Trust Company, LLC, and the manager will be BNY Mellon Asset Servicing.