Cardano is approaching a key date for its U.S. spot ETF prospects as CME Group’s regulated ADA futures complete six months of trading on August 9, a threshold tied to the SEC’s generic listing standards for crypto products. That milestone could make Grayscale’s pending Grayscale Cardano Trust ETF, or GADA, eligible for a faster review path, although it does not mean approval is automatic. If the SEC moves forward after August 9, the article points to a 75-day review period that would imply a potential decision window around October 23. The setup comes as ADA outperforms major altcoins, rising more than 20% over the past seven days to about $0.1985. Market sentiment has also been supported by 10x Research data showing large holders accumulated more than 240 million ADA in five days, while the token traded above its seven-day and 30-day moving averages. Even so, Cardano’s ETF case still faces regulatory uncertainty because the SEC (U.S. securities regulator) previously named ADA in its 2023 lawsuits against Coinbase and Binance, arguing the token could qualify as a security.