logo

Cardano ETF Approval Now 55% Likely: Polymarket

By: cryptonews|2025/05/16 07:15:05
0
Share
copy
The cryptocurrency community is buzzing with anticipation following new data from the popular prediction market, Polymarket, which shows a 55% chance of a Cardano (ADA) ETF being approved before the end of 2025. This marks a significant 45% jump in odds compared to the beginning of the year. Cardano ETF approval hopes boost network activity This massive jump is an indication of increasing confidence among traders that regulators could approve a spot ETF for ADA just as they've done for Bitcoin and Ethereum. Should an ADA ETF be approved, it will open the doors for more institutional investment in the coin, which will drive up mainstream adoption and the price of Cardano. The optimism around an approval for this ETF has remained the same from January till date. This has been the period Polymarket started tracking this odd. Analysts believe there are multiple factors causing this positivity. Many regulatory bodies have now become receptive to investment products related to cryptocurrencies, especially after the success of spot Bitcoin and Ethereum ETFs which were approved in the U.S. last year. In addition, institutional investors may be attracted to Cardano due to its strong fundamentals, such as a proof-of-stake blockchain and active developments in its ecosystem. Meanwhile, some analysts have warned investors not to raise their expectations too high. They argue that there are various factors that could still influence the regulators' decision before they approve this ETF. Cardano transactions jump to almost 50,000 Data from Cardano explorer, Cardanoscan, shows that transaction volume on the Cardano blockchain has ranged from 10,000 to 50,000 from April 30 to May 12. This transaction count stayed between 30,000 and 35,000 between April 30 and May 6, 2025. This is an indication that the activity level within the ecosystem was consistent. A noticeable shift started on May 7. According to the chart, the number of daily transactions rose to more than 35,000, surpassing 40,000 many times. The last data from the chart, which is for May 15, 2025, showed that the number of transactions was close to 50,000. Transaction counts are indications of an asset's real-world use apart from speculative trading. Even though these figures are nowhere near its all-time highs, the 10,000–50,000 transactions every day are proof of the network's reliable throughput.

You may also like

Morning News | Aave announces the establishment of a recovery fund; Michael Saylor releases Bitcoin Tracker information; Vietnam plans to launch a pilot project for crypto assets

Overview of Important Market Events on April 26

Crypto ETF Weekly | Last week, the net inflow for Bitcoin spot ETFs in the U.S. was $823 million; the net inflow for Ethereum spot ETFs in the U.S. was $155 million

GSR enters the cryptocurrency ETF market, launching its first multi-asset cryptocurrency ETF.

How to balance risk and return in DeFi yields?

Have these yields ever been reasonable? Have we ever received the compensation we deserve for the risks taken in DeFi, and where should the future spreads be set?

Tom Lee's Ethereum Thesis: Why the Man Who Called the Last Cycle Is Doubling Down on Bitmine

Tom Lee is emerging as one of Ethereum’s most influential supporters. From Fundstrat to Bitmine, his Ethereum thesis combines staking yield, treasury accumulation, and long-term network value. Here is why “Tom Lee Ethereum” has become one of crypto’s most watched narratives.

Naval personally takes the stage: The historic collision between ordinary people and venture capital

Naval personally stepped in as the chairman of the USVC Investment Committee. This SEC-registered fund launched by AngelList attempts to bring top private tech assets like OpenAI, Anthropic, and xAI to the general public with a $500 entry threshold. It is not just a new fund, but a structural experi...

a16z Crypto: 9 Charts to Understand the Evolution Trends of Stablecoins

Stablecoins are evolving from trading tools into universal payment infrastructure, and this process is quieter and more thorough than most people expected.

Popular coins

Latest Crypto News

Read more