Cardano has secured a big place in Grayscale’s newest crypto rankings, overtaking a number of rivals. This comes with rising speculations that the U.S. SEC will ship its verdict on a proposed ADA ETF this month.
Cardano Takes 3rd Place in Grayscale’s Weekly Performance Rankngs
Grayscale placed Cardano in third place in its newest “Top 10 Crypto Assets by Weekly Returns” snapshot. This got here after it recorded a 6.3% acquire between July 31 and August 7, 2025. This marks a pointy turnaround from the earlier week, when ADA was ranked ninth after an 8.1% drop.
Despite the weekly enhance, ADA’s year-to-date positive aspects have slowed to six.8%, bringing its market capitalization to $28.7 billion. Cardano’s worth dropped 3.48% over the previous day, lower than the 1.78% drop in the general cryptocurrency market.
The momentum coincided with the profitable launch of Midnight. This is a privacy-focused protocol on the Cardano community that has garnered so much of group consideration.
In the identical rating, XRP topped the checklist with a 9.7% weekly acquire, adopted by Stellar in second place. Dogecoin, Ethereum, Tron, and Solana crammed the fourth to seventh spots with positive aspects between 4.2% and 6.1%. Bitcoin’s efficiency was extra subdued, rating eighth with only a 1.5% weekly improve. BNB and Hyperliquid rounded out the highest 10.
ADA ETF Update Expected by End of August
Speculations have risen in the group on the anticipated approval of the ADA ETF. Analysts are projecting that the U.S. SEC will possible reply to Grayscale’s Cardano ADA ETF software earlier than the tip of August. Recent regulatory clarifications suggesting that sure staking activities are not securities have improved optimism for approval.
Polymarket knowledge at the moment offers the ADA ETF a 75% probability of receiving the inexperienced mild. However, the SEC may nonetheless delay its ultimate verdict till October 23. The software was initially filed earlier this 12 months, and reviews point out the SEC has formally acknowledged its assessment.
Last month, the SEC approved Grayscale’s plan to transform its Bitcoin, Ethereum, XRP, and ADA large-cap fund into ETFs. The GDLC Fund is closely weighted towards Bitcoin (over 80%), with Ethereum making up 11%. Smaller allocations embrace Solana (2.8%), XRP (4.8%), and Cardano (0.8%).
These indicators level to the likelihood of an ADA ETF quickly. ADA might improve its institutional publicity and market momentum if the SEC approves it.
In different August information, Charles Hoskinson, the founder of Cardano, is ready to release an audit report later this month. The assessment focuses on Input Output Global’s (IOG) 2021 ADA token administration.
Three months after Hoskinson was accused of stealing ADA tokens, the audit was carried out. In an try and set the report straight earlier than vital community and market occasions just like the approval of a Spot ETF, he has hinted {that a} defamation lawsuit remains to be potential after the report is made public.
Michael Adeleke
Michael Adeleke is a passionate crypto journalist recognized for breaking down complicated blockchain ideas and market developments into clear, partaking narratives. He specializes in delivering well timed information and sharp market evaluation that retains crypto lovers knowledgeable and forward of the curve. With an engineering background and a level from the University of Ibadan, Michael brings analytical depth and precision to each piece he writes.
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