Demex Daily #346: Grayscale Files for Spot Cardano ETF

What’s Interesting Today:

Grayscale and NYSE Arca have filed with the SEC to launch a spot Cardano ETF, marking Grayscale’s first standalone ADA investment product. If approved, the ETF will be listed on NYSE Arca, with Coinbase Custody as custodian and BNY Mellon as administrator. This filing follows Grayscale’s recent efforts to convert its Solana and XRP trusts into spot ETFs, amid growing competition from other asset managers seeking to introduce crypto ETFs in the U.S.

Trade CARDANO ADA-PERP on Demex

CrossFi has launched EXE, an interchain AI utility protocol designed to accelerate AI and web3 innovation by aggregating on-chain AI services. Going live on February 11 with the $EXE token, the protocol enables AI dapps to collaborate, access decentralized GPU compute, and automate payments via smart contracts. Built on CrossFi’s L1 blockchain, EXE integrates EVM and Cosmos, supporting AI-driven microtasks and human-contributed reviews. With zk-proofs ensuring secure M2M transactions, EXE fosters a cost-effective, agent-friendly ecosystem poised for mass adoption in DeFi and AI.