ZyCrypto 2025-06-03 14:24:46

Is a Cardano ADA ETF Underway? Odds Hit New All-Time High Ahead of SEC’s Highly Anticipated Decision

A Cardano-based ETF is likely to gain approval from regulators in the near term, according to recent data from the leading cryptocurrency prediction market platform Polymarket. Users of the platform can buy and sell shares representing the probability of future events, in this case, Users predict a 71% chance that the U.S. Securities and Exchange Commission (SEC) will approve a Cardano ETF. JUST IN: Odds of a Cardano $ADA ETF have hit an all-time high ahead of the SEC’s upcoming decision. pic.twitter.com/0ibSGV7gEZ — TapTools (@TapTools) May 27, 2025 As displayed in the chart shared by Polymarket, sentiments hit never-before-seen levels on May 26. It bears mentioning that sentiments have been rising since the start of January 2025, indicating increased demand for a Cardano-based ETF among crypto market players. The new development comes as the market awaits the SEC’s decision, as May 29, the approval deadline, draws closer. Grayscale filed for an application with the U.S. SEC in February. If approved, the investment firm will become the first to offer an ETF to track the price of ADA, the native token of Cardano. Cardano (ADA) records intraday growth as bullish sentiments intensify Meanwhile, ADA has recorded a mild surge in price value this week, with prices going past the golden cross between the 50-day and 200-day EMA, suggesting an increase in bullish momentum. Market participants remain optimistic as the integration of ETFs has previously resulted in a massive price increase for the assets involved. In ADA’s case, market players expect no different, as they maintain optimism that the ETF approval could catapult ADA to $1 . Hourly gains have since soared by 0.21%, while weekly gains are up by 4.86%. ADA is trading at a press time price of $0.68.

Meist gelesene Nachrichten

XRP Faces Mixed Signals Amid Legal Deadline a...
2025-06-14
5 Must-Buy Cryptos for June 2025: Explore Bey...
2025-06-14
MANTA price prediction 2025-2031: Will Manta...
2025-06-14
One of These 3 Dogecoin (DOGE) Alternatives P...
2025-06-14
946 Exahash—Miners Push Bitcoin to New Comput...
2025-06-14
Experts Explore Potential Quantum Computing R...
2025-06-14
$4.6B Lost to Crypto Scams as AI Deepfakes Le...
2025-06-14
Ripple CTO States What to Catalyze Next Wave...
2025-06-14

Ähnliche Neuigkeiten

Bitcoin Gains Attention as Equity Allocation Nears...
14 Jun 2025
Vietnam Joins BRICS As ‘Partner Country’ Amid the...
14 Jun 2025
Jason saw potential after saying no to Vertical’s...
14 Jun 2025
XRP Trades Between $2.16 and $2.22 Amid Technical...
14 Jun 2025
Ethereum Whales Buying the Dip—But Smart Money Is...
14 Jun 2025
U.S. Treasury Quietly Pours $20,000,000,000 Into R...
14 Jun 2025

Lesen Sie den Haftungsausschluss : Alle hierin bereitgestellten Inhalte unserer Website, Hyperlinks, zugehörige Anwendungen, Foren, Blogs, Social-Media-Konten und andere Plattformen („Website“) dienen ausschließlich Ihrer allgemeinen Information und werden aus Quellen Dritter bezogen. Wir geben keinerlei Garantien in Bezug auf unseren Inhalt, einschließlich, aber nicht beschränkt auf Genauigkeit und Aktualität. Kein Teil der Inhalte, die wir zur Verfügung stellen, stellt Finanzberatung, Rechtsberatung oder eine andere Form der Beratung dar, die für Ihr spezifisches Vertrauen zu irgendeinem Zweck bestimmt ist. Die Verwendung oder das Vertrauen in unsere Inhalte erfolgt ausschließlich auf eigenes Risiko und Ermessen. Sie sollten Ihre eigenen Untersuchungen durchführen, unsere Inhalte prüfen, analysieren und überprüfen, bevor Sie sich darauf verlassen. Der Handel ist eine sehr riskante Aktivität, die zu erheblichen Verlusten führen kann. Konsultieren Sie daher Ihren Finanzberater, bevor Sie eine Entscheidung treffen. Kein Inhalt unserer Website ist als Aufforderung oder Angebot zu verstehen