Cardano ETF (CRDD)

Cardano ETF is an exchange-traded product listed on Cboe BZX that is designed to give investors exposure to the price of Cardano's native token, ADA, without requiring them to buy or store the cryptocurrency directly.

Cardano is a proof-of-stake blockchain network that supports smart contracts and decentralized applications, and ADA is used to pay transaction fees and to participate in staking. Products of this type generally hold the underlying token through a custodian and aim to reflect its market price, less expenses, so the fund's value moves with the price of ADA.