Cardano Ran $0.20 the Same Week Grayscale Pulled Its ADA ETF FilingCardano’s ADA token touched $0.199 on 11 August, testing the $0.20 resistance level after gaining roughly 11% from the $0.18 price. The move coincided with a setback for institutional access, as Grayscale Investments withdrew its registration application for a spot Cardano ETF on 7 August, removing the most prominent path to US institutional exposure. The Van Rossem hard fork activated on 18 July, upgrading the network to Protocol Version 11. On 6 August, the Catalyst Pilot opened a 2.5 million ADA funding round targeting early-stage projects. There is no US ETF vehicle on the horizon, and Grayscale has not indicated whether it will refile.