Cardano’s exchange-traded fund prospects took center stage this week as analysts weighed the stalled timeline against fresh signs of institutional interest. While Solana and Litecoin funds advanced through no-delay filings during the partial SEC shutdown, Grayscale’s S-1 filing with the SEC with the objective to convert its existing Cardano Trust into a spot ETF stayed quiet. Traders have so far been trying to track the filing mechanics, index flows, and whale wallets to map Grayscale’s next move. Related: Can Grayscale ETFs Push ADA Above $0.88 and DOT Toward $5.70? Why the Unusual Delay for Grayscale’s Cardano ETF? According to analyst Dan Gambardello, the situation around Cardano’s ETF is growing increasingly unusual. Bitwise and Canary launched the first U.S. altcoin ETFs for Solana, Litecoin, and HBAR using a “no-delay” S-1 filing strategy. Grayscale followed a similar path for Solana’s GSOL fund. However, its Cardano ETF proposal, GADA, passed its deadline without updates. The SEC’s partial closure has fueled uncertainty about the timing of Cardano’s ETF. Analysts suggest Grayscale could still act before the SEC fully reopens. Gambardello noted that the extended shutdown, already one of the longest in U.S. history, could continue for weeks if Senate negotiations fail. However, optimism remains that the standoff may end soon, allowing pending filings like GADA to move forward. Regarding the Cardano ETF situation. It's getting weird, but here is some speculation.Bitwise & Canary just launched the first U.S. altcoin ETFs for Solana, Litecoin, and HBAR during a government shutdown.They pulled it off using a clever “no delay” S-1 workaround, automatic… — Dan Gambardello (@cryptorecruitr) October 29, 2025 Institutional Recognition Strengthens Cardano’s Position Despite the delay, institutional support for Cardano continues to rise. The REX-Osprey Top 10 Crypto Index ETF recently added ADA to its portfolio, joining Bitcoin, Ethereum, and Solana among others. The index tracks major digital assets by adjusted market capitalization and rebalances quarterly to maintain liquidity standards. This inclusion marks a milestone for Cardano, positioning it as a leading asset in institutional portfolios. Many investors see it as validation of the network’s long-term relevance and maturity within the crypto market. Consequently, Cardano’s presence in regulated financial products is expected to increase visibility among traditional investors. BREAKING NEWS:Cardano $ADA has been included in the REX-Osprey Top 10 Crypto Index ETF.Is this the beginning of Cardano’s ETF era? pic.twitter.com/N7r9IRvhce — Mintern (@MinswapIntern) October 29, 2025 Whale Distribution Pressures ADA At $0.63 Support Meanwhile, Cardano’s price performance has shown weakness amid heavy whale activity. As of press time trading at $0.6399, analyst Ali Martinez reported that large holders sold nearly 100 million ADA within 72 hours, causing prices to fall from $0.84 to $0.64. Source: X The selling spree reduced whale wallet balances to 3.91 billion ADA, a sign of distribution rather than accumulation. Immediate support sits near $0.637, while resistance forms around $0.67. If selling pressure eases, ADA could stabilize above $0.63 and regain short-term investor confidence. Related: Cardano Price Prediction: ETF Approval Odds Hit 91%, Analysts Weigh Impact Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.