Cardano Open Interest Surges to $816.97 Million on Grayscale ADA ETF Hopes

Cardano’s futures open interest climbs to $816.97 million as traders price in a potential Grayscale spot ADA ETF approval, with SEC review ongoing.

Rich by Coin

2026-01-07

In the past 24 hours, Cardano’s open interest climbed, with 1.99 billion ADA contracted by futures traders. Data from CoinGlass shows open interest upticked about 1.29% amid growing speculation that Grayscale’s spot Cardano ETF could gain approval. That 1.99 billion ADA now equates to roughly $816.97 million in notional value. On Gate, 502.05 million ADA worth $205.74 million were committed, representing 25.18% of the open interest.

The rise in open interest coincides with market chatter around Grayscale’s ADA ETF approval. Investors expect an approval could boost ADA adoption and the price outlook. However, the SEC has not approved Grayscale’s spot Cardano ETF. The application remains under SEC review, with a decision anticipated in early 2026.