According to CoinMeta, the ADA futures of Cardano completed six months of compliant trading on August 9th. This milestone may enable the GADA application of Grayscale to qualify for SEC's simplified review process. Based on a 75-day review period, a decision is expected to be made on SEC by October 23rd. ADA has risen by more than 20% in the past week, becoming one of the strongest performers among major cryptocurrencies. Research shows that large holders have accumulated over 240 million ADA in the past five days, indicating some improvement in short-term momentum. Although the six-month futures requirement has been met, this does not mean that ETF will be approved on that date.