Cardano Spot ETF: Will the SEC Approve an ADA Fund?

[target]

Cardano (ADA) is one of the favorites considered to succeed in becoming a spot ETF, as the U.S. Securities and Exchange Commission (SEC) shifts pro-crypto.

https://www.ccn.com/news/crypto/cardano-spot-etf-approval-timing-details/

I'm not very familiar with the filed ETF but the article mentioned Bitwise has been offering exposure to ADA through their physically backed ETPs on few Swiss exchanges. But the Tuttle Capital is the first to have filed Cardano Leveraged ETF.

Lots of news about ADA these days which one of the prediction seemingly forecasting price could reach $38 each. Possible?

[MrSpasybo]

I'm not very familiar with the filed ETF but the article mentioned Bitwise has been offering exposure to ADA through their physically backed ETPs on few Swiss exchanges. But the Tuttle Capital is the first to have filed Cardano Leveraged ETF.

Lots of news about ADA these days which one of the prediction seemingly forecasting price could reach $38 each. Possible?

Currently, we only have a few proposals for XRP, SOL, LTC, and DOGE Spot ETFs in the US. Cardano has great potential, but ADA Spot ETFs are rarely mentioned, so I don't dare to expect it to be approved in this cycle. ADA price has recently had an impressive recovery, but it has not yet been able to create FOMO or drive demand from traditional investors, which could hinder the chances of ADA Spot ETF success in the future.

I love ADA, I have ADA in my account, but I don't quite understand how ADA can reach $38 in this cycle. That could be a prediction for ADA price in the coming years, after the US government considers using the Cardano blockchain and many other governments and businesses also explore it to save operating costs and improve efficiency.

[target]

I don't also quite understand how ADA would reach $38 even if Grayscale had already filed ETF to it, the price is just too small to hit that high while it's supply is more than 40B.

It pumped after the news about Grayscale filing ADA ETF. It's been said that it will be approved by 24 hours. The ETF I think will help it's promotion which is a good news still.

[LogitechMouse]

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I'm not very familiar with the filed ETF but the article mentioned Bitwise has been offering exposure to ADA through their physically backed ETPs on few Swiss exchanges. But the Tuttle Capital is the first to have filed Cardano Leveraged ETF.

Lots of news about ADA these days which one of the prediction seemingly forecasting price could reach $38 each. Possible?

ADA is the type of coin where it isn't being talked or not popular online but still holds a spot at the top. Well, it's one of the oldest coins out there so... yeah. The idea of having an ETF though is for me, have low to no chance of happening, or at least other altcoins like SOL, XRP, and LTC will be accepted first before Cardano.

TBH, I don't know the reason why there are people who are very bullish about ETFs that they think that ADA will reach to as high as 38$. That would be around 63x more or less. Is Cardano a meme coin already? Because from my understanding, the only type of coins that moves that high are meme coins especially those newly listed ones.

I held ADA in the past. I love the project, but for some reasons, I chose to sell it. Still if you want to hold an altcoin for long-term, ADA can be a perfect choice as well.

[target]

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I'm not very familiar with the filed ETF but the article mentioned Bitwise has been offering exposure to ADA through their physically backed ETPs on few Swiss exchanges. But the Tuttle Capital is the first to have filed Cardano Leveraged ETF.

Lots of news about ADA these days which one of the prediction seemingly forecasting price could reach $38 each. Possible?

ADA is the type of coin where it isn't being talked or not popular online but still holds a spot at the top. Well, it's one of the oldest coins out there so... yeah. The idea of having an ETF though is for me, have low to no chance of happening, or at least other altcoins like SOL, XRP, and LTC will be accepted first before Cardano.

TBH, I don't know the reason why there are people who are very bullish about ETFs that they think that ADA will reach to as high as 38$. That would be around 63x more or less. Is Cardano a meme coin already? Because from my understanding, the only type of coins that moves that high are meme coins especially those newly listed ones.

I held ADA in the past. I love the project, but for some reasons, I chose to sell it. Still if you want to hold an altcoin for long-term, ADA can be a perfect choice as well.

Makes sense now a days. Memecoins are more rusted already after Trump promoted his own memecoin.

Anyway, Grayscale's ETF made a hype during the first BTC ETF and since this institution is big than the Turtle, this could be approved along with the XRP SOL and LTC.

Lots of talks about altcoin season coming though and if its taking place then these ETFs could all make things work out for it.

[hugeblack]

Cardano (ADA) was originally created as a strong competitor to Ethereum that combines the features of Ethereum smart contracts with Bitcoin’s UTXO, but this idea has not achieved clear success and there is not enough support and continuous development to the point that the blockchain has become mainly dependent on POS reward. In short, if there is a new ETF, Cardano is definitely not the first choice.

[KryptoBull]

Cardano (ADA) was originally created as a strong competitor to Ethereum that combines the features of Ethereum smart contracts with Bitcoin’s UTXO, but this idea has not achieved clear success and there is not enough support and continuous development to the point that the blockchain has become mainly dependent on POS reward. In short, if there is a new ETF, Cardano is definitely not the first choice.

ETF is typically approved only when the SEC sees a strong demand from traditional investors for that product. This can be easily achieved for SOL, XRP, and DOGE ETFs. The ADA price has not seen an impressive increase, and the Ada ecosystem is not yet vibrant or attracting users, which reduces the chances of a spot ETF but does not completely rule it out.

Spot LTC ETF is also being proposed and has a high chance of being approved even though LTC has been almost forgotten in this market. This allows ADA investors to continue hoping and waiting for updates on ADA ETF this year. If it is approved, the ADA price will see a strong increase!

[Zed0X]

As much as I love ADA to reach $30 or more, that's just a crazy prediction. For that to happen, it would have to suck a lot of liquidity from other coins and other markets. I don't think an ETF have that enough influence to catapult the price to that level.

[hugeblack]

ETF is typically approved only when the SEC sees a strong demand from traditional investors for that product. This can be easily achieved for SOL, XRP, and DOGE ETFs.

Just wondering if Cardano Spot ETF gets approved (I don't think it will) will they get the staking reward of ∼2.62%, if so that will be an extra profit so I think it will be difficult for this POS to sustain the price.

[MrSpasybo]

As much as I love ADA to reach $30 or more, that's just a crazy prediction. For that to happen, it would have to suck a lot of liquidity from other coins and other markets. I don't think an ETF have that enough influence to catapult the price to that level.

Well, perhaps this target is proposed based on the prediction that the growth wave in this cycle will have the same amplitude as the growth wave in the 2021 cycle. As an ADA holder, I also hope this will happen, so that I can earn thousands of $ profit, but I have not dared to think about it.

I only dare to hope that this 2025 wave will be equal to 61.8% of the 2021 wave, and the ADA price may touch $4.5 this year. If the ADA price can increase strongly and touch $10, that is an extremely great gift that the market has brought to compensate for the losses that many ADA holders have suffered during the crypto winter^^

[sampoerna]

Until now, there is no certainty that is progressive regarding ADA Spot ETF approval. Yes, indeed, Grayscale is trying to push this to be approved and it is in the ranks of several other altcoins. It's just that the process is not that easy.

I'm wondering if ADA can be really approved, what will happen to its coin. Will it reach its ATH again? because usually when a coin has ETF approval, the increase will usually be more significant, although it is not guaranteed, but that is the hope, right?

[KryptoBull]

Until now, there is no certainty that is progressive regarding ADA Spot ETF approval. Yes, indeed, Grayscale is trying to push this to be approved and it is in the ranks of several other altcoins. It's just that the process is not that easy.

I'm wondering if ADA can be really approved, what will happen to its coin. Will it reach its ATH again? because usually when a coin has ETF approval, the increase will usually be more significant, although it is not guaranteed, but that is the hope, right?

Because ADA has recently been mentioned by Trump and the Ada blockchain may be adopted by the US government, I believe ADA will have its own spot ETF to affirm its irreplaceable position in the blockchain community. Then the ETF could be the catalyst for the price increase that holders expect.

However, we must be honest that a spot ETF is not a holy grail. ETH has had a spot ETF but the ETH price has not grown strongly enough. ADA is the same, in many cases, the spot ETF will become sell the news and push the ADA price to a new bottom.

[hugeblack]

However, we must be honest that a spot ETF is not a holy grail. ETH has had a spot ETF but the ETH price has not grown strongly enough. ADA is the same, in many cases, the spot ETF will become sell the news and push the ADA price to a new bottom.

Let's not forget that ADA was promoting itself as an alternative/competitor to Ethereum, so if the ETH Spot ETF approval gives a negative result, the impact will be bad for all similar Spot ETFs.

[Trongduy]

Let's not forget that ADA was promoting itself as an alternative/competitor to Ethereum, so if the ETH Spot ETF approval gives a negative result, the impact will be bad for all similar Spot ETFs.

We can't predict the future, especially in this market. The weakness of the ETH price comes from market anomalies after being invaded by millions of memecoins, it's not a consequence of the spot ETH ETF.

Assuming a spot ADA ETF launches right when the market is hot, the ADA price will get a big boost to keep growing regardless of spot ADA ETF buying or selling behavior. ADA holders have the right to keep hoping and waiting for a new ATH.

[target]

However, we must be honest that a spot ETF is not a holy grail. ETH has had a spot ETF but the ETH price has not grown strongly enough. ADA is the same, in many cases, the spot ETF will become sell the news and push the ADA price to a new bottom.

Let's not forget that ADA was promoting itself as an alternative/competitor to Ethereum, so if the ETH Spot ETF approval gives a negative result, the impact will be bad for all similar Spot ETFs.

You could be right about that because it will have same effect since they are both POS.  I can't say ADA has more advantage than ETH but maybe because its cheaper than ETH and more people are able to buy this token than ETH.

Somehow there is no other else who filed ADA ETF besides Grayscale. It would be easier to see it approved if there are more institutions filing for it.