According to Dave (@ItsDave_ADA), Grayscale has filed to register its Digital Large Cap Fund as an Exchange Traded Product (ETP), which includes Cardano (ADA). This move potentially increases ADA's exposure to institutional investors, likely impacting its market liquidity and price dynamics.

According to Crypto Rover, Grayscale has filed an S-3 application for a Digital Large Cap Fund ETF, which will allow investors to gain exposure to cryptocurrencies like Bitcoin and Ethereum. This development could potentially increase market liquidity and attract institutional investors, thereby impacting trading volumes and price stability in the cryptocurrency market.