13-8-2025 – Market sentiment around Cardano’s institutional prospects surged as prediction markets assigned an 80% probability to SEC approval of a spot ADA ETF in 2025, driven by Grayscale Investments’ strategic positioning and favorable regulatory momentum. The optimism reflects broader institutional appetite for altcoin exposure beyond Bitcoin and Ethereum products already trading on major exchanges.
Grayscale reinforced ETF speculation by registering statutory trusts for both Cardano and Hedera in Delaware on Monday—a preliminary step the asset manager has consistently taken before formal SEC filings. The move follows NYSE Arca’s earlier 19b-4 proposal for a Cardano ETF, which has entered the SEC’s formal review process, mirroring the regulatory pathway that led to Bitcoin ETF approvals.
Cardano’s growing real-world asset integration and enterprise adoption have positioned ADA as a leading altcoin candidate for institutional products. The token benefits from Washington’s increasingly crypto-friendly political environment and institutional demand for diversified digital asset exposure beyond the dominant Bitcoin and Ethereum offerings currently available to traditional investors.
