PANews reported on May 11th that, according to Crowdfund Insider, Grayscale plans to launch a Cardano-focused ETF 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 existing regulatory filings are activated in mid-August, it could trigger a streamlined SEC review process, with trading potentially commencing as early as late October 2026. Grayscale recently fine-tuned its 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.