{"id":36949,"date":"2026-08-11T10:22:21","date_gmt":"2026-08-11T10:22:21","guid":{"rendered":"https:\/\/bitunikey.com\/news\/cardano-price-falls-4-7-as-grayscale-drops-ada-etf\/"},"modified":"2026-08-11T10:22:56","modified_gmt":"2026-08-11T10:22:56","slug":"cardano-price-falls-4-7-as-grayscale-drops-ada-etf","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/cardano-price-falls-4-7-as-grayscale-drops-ada-etf\/","title":{"rendered":"Cardano price falls 4.7% as Grayscale drops ADA ETF"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Cardano traded near $0.1885 on Aug. 11, down about 4.7% over 24 hours and back below the $0.20 level, as traders weighed fresh technical warning signals against a changing U.S. exchange traded fund backdrop.\u00a0<\/p>\n<div id=\"cn-block-summary-block_1718f1decd614301f2647d3f3929f65b\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>ADA traded near $0.189 Tuesday, down 4.7% over 24 hours and below the $0.20 level.<\/li>\n<li>Grayscale withdrew its Cardano ETF registration Friday, saying it no longer planned the share distribution.<\/li>\n<li>CME Cardano futures completed six months of trading Sunday, satisfying one SEC generic listing criterion.<\/li>\n<li>Grayscale\u2019s registration never became effective, and no shares were issued or sold under the filing.<\/li>\n<li>Cardano\u2019s Van Rossem hard fork activated July 18 after approval through onchain governance across bodies.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Grayscale withdrew the registration statement for its proposed Cardano Trust ETF on Aug. 7, two days before CME Cardano futures completed six months of trading.<\/p>\n<p>The timing matters because the SEC\u2019s generic listing standards allow a commodity based ETP to satisfy one eligibility route when its underlying asset has had a futures contract trading for at least six months on a CFTC regulated designated contract market.\u00a0<\/p>\n<p>CME confirmed ADA futures began trading Feb. 9. By calendar time, ADA therefore appears to have met that particular listing criterion on Aug. 9, although that does not amount to ETF approval.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\"><strong>Grayscale ends its current Cardano ETF registration<\/strong><\/h2>\n<p>Grayscale\u2019s Aug. 7 SEC <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/2083106\/000119312526340377\/ada_rw_08072026.htm\" target=\"_blank\" rel=\"nofollow\">filing<\/a> says the sponsor \u201cdoes not intend to proceed with the planned distribution\u201d of shares. The registration statement never became effective, and Grayscale confirmed that no securities had been issued or sold under it. The document gives no separate commercial, demand related or regulatory reason for the withdrawal.<\/p>\n<p>The move was not an SEC rejection. Grayscale filed similar withdrawal requests for proposed Hedera and Polkadot products within roughly three minutes, as crypto.news reported in earlier withdrawal coverage. The coordinated timing makes it difficult to attribute the Cardano decision to ADA alone. The filings also do not prevent Grayscale from submitting new registrations later.<\/p>\n<h2 class=\"wp-block-heading\"><strong>ADA now meets one generic U.S. listing route<\/strong><\/h2>\n<p>The U.S. regulatory setup changed substantially after Grayscale first pursued its standalone Cardano product. In September 2025, the SEC approved generic listing <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.sec.gov\/newsroom\/speeches-statements\/peirce-statement-commodity-based-etps-091725\" target=\"_blank\" rel=\"nofollow\">standards<\/a> that can allow qualifying commodity based ETPs to list without a separate case by case Section 19(b) rule change. One eligibility route requires a futures contract to have traded for at least six months on a CFTC regulated designated contract market.<\/p>\n<p>CME\u2019s official <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.cmegroup.com\/media-room\/press-releases\/2026\/2\/11\/cme_group_announcesfirsttradesfornewcardanochainlinkandstellarcr.html\" target=\"_blank\" rel=\"nofollow\">release<\/a> says Cardano futures began trading on Feb. 9, with Cumberland DRW and Wintermute executing the first ADA block trade. Six months elapsed on Aug. 9. ADA therefore appears to satisfy that particular exchange listing test, but a sponsor still needs an effective Securities Act registration statement before shares can be sold. Grayscale has withdrawn that registration layer, so the milestone does not revive its product automatically.<\/p>\n<p>The timing is notable because crypto.news had already flagged the approaching six month milestone in recent ADA market coverage. The earlier report noted that the futures history could strengthen the route for prospective U.S. products without guaranteeing approval.<\/p>\n<h2 class=\"wp-block-heading\"><strong>Cardano price faces three short term warning signals<\/strong><\/h2>\n<p>ADA\u2019s latest pullback has weakened the short term chart. The token traded around $0.1885 Tuesday after recently trading above $0.20, reversing part of an early August recovery.<\/p>\n<p>Analyst Ali Charts flagged three warning signals in an Aug. 11 X <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/alicharts\/status\/2087099892137161004\" target=\"_blank\" rel=\"nofollow\">thread<\/a>. He said the number of wallets holding between 1 million and 10 million ADA had fallen from 2,370 on Aug. 2 to 2,340.\u00a0<\/p>\n<p>He also cited a death cross between Cardano\u2019s MVRV ratio and its seven day simple moving average, alongside a Tom DeMark Sequential sell signal on the daily chart. Those are analytical signals rather than proof that ADA must decline.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-x wp-block-embed-x\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">4\/6 From a technical perspective, the Tom DeMark Sequential has also flashed a sell signal on Cardano\u2019s daily chart.<\/p>\n<p>It may signal a 1\u20134 candlestick pullback or the start of a new bearish countdown. <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/g3PFVHnyB3\">pic.twitter.com\/g3PFVHnyB3<\/a><\/p>\n<p>\u2014 Ali Charts (@alicharts) <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/alicharts\/status\/2087099900139909517?ref_src=twsrc%5Etfw\">August 11, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>The technical chart supplied for this report shows ADA remaining in a broader downtrend from early 2026 levels above $0.40. ADX at 25.20 indicates a moderately active trend, while CMF at negative 0.01 reflects weak money flow. Resistance remains around $0.20.\u00a0<\/p>\n<figure class=\"wp-block-image size-large\"><figcaption class=\"wp-element-caption\">Cardano (ADA) price chart, source: crypto.news<\/figcaption><\/figure>\n<p>Moreover, Ali said ADA \u201ccould decline toward $0.170\u201d if the warnings are confirmed, with a deeper breakdown potentially exposing the channel boundary around $0.144. That remains his technical scenario, not a confirmed price target.<\/p>\n<p>The latest whale data also requires context. As crypto.news reported in previous whale accumulation coverage, wallets in a different large holder cohort had accumulated more than 240 million ADA during the earlier rally. The two datasets track different wallet sizes, so the latest decline does not directly reverse that earlier figure.<\/p>\n<h2 class=\"wp-block-heading\"><strong>Network development continues despite market weakness<\/strong><\/h2>\n<p>Grayscale\u2019s decision does not change Cardano\u2019s underlying protocol development. The Van Rossem hard fork activated on July 18 at Protocol Version 11 after approval from DReps, stake pool operators and the Constitutional Committee. Intersect said it was Cardano\u2019s first hard fork completed under the network\u2019s full governance framework.<\/p>\n<p>The upgrade introduced Plutus and cryptographic improvements alongside stronger VRF key uniqueness rules for stake pool security. Its enactment formed part of the fundamental backdrop behind ADA\u2019s early August recovery, although those developments have not been enough to keep the token above $0.20.<\/p>\n<p>For traders, $0.20 remains the clearest near term level to reclaim. Failure to recover that area keeps $0.17 in focus under Ali\u2019s bearish scenario, while a move back above $0.20 would weaken the immediate downside setup.\u00a0<\/p>\n<p>On the U.S. regulatory side, the next question is whether Grayscale or another issuer submits a fresh standalone ADA registration now that Cardano futures have crossed the six month threshold. No such new standalone filing was identified in the SEC records reviewed for this report.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cardano traded near $0.1885 on Aug. 11, down about 4.7% over 24 hours and back below the $0.20 level, as traders weighed fresh technical warning signals against a changing U.S.&hellip;<\/p>\n","protected":false},"author":1,"featured_media":30267,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-36949","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/36949","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=36949"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/36949\/revisions"}],"predecessor-version":[{"id":36950,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/36949\/revisions\/36950"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/30267"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=36949"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=36949"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=36949"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}