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Cardano ($ADA) Surges 60% Following Trump’s “US Crypto Reserve” Announcement: Is an ETF Approval on the Horizon?

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Cardano ($ADA) has witnessed a stunning rise in value, with the digital currency climbing by 60% after ex-U.S. President Donald Trump dropped a “bombshell” about a “US Crypto Reserve” being formed.

For the first time in what seems like an eternity, Cardano was worth over $1 again, and for a moment there, it almost felt like we were reliving the excitement of pre-2022 when the broader crypto market was full of green.

 

Any increase in price for ADA is music to the ears of its holders, and we are more than happy to witness this long-overdue pump in Cardano’s price after a lethargic first half of 2023.

Trump’s Announcement Ignites Cardano’s Price Surge

On March 2, Trump unveiled his ambitious “US Crypto Reserve” plan, which has been described as a strategic initiative to position the U.S. as a global leader in the cryptocurrency space. One of the key highlights of this announcement was the inclusion of Cardano ($ADA) in the reserve, a move that immediately caught the attention of investors and market participants. Cardano’s price responded with an explosive 60% increase, pushing its value beyond the $1 mark for the first time in more than a month.

This surge means a lot to the crypto community and for good reasons. Many in the community see it representing a strong vote of confidence in Cardano’s long-term prospects. Not only does this signal a growing institutional interest in the blockchain itself, but it also seems to reflect a potential pivot in how cryptocurrencies are seen by government entities.

Including Cardano in the U.S. strategic reserve places it in a prominent position as a cryptocurrency with “store of value” potential—something many are taking as a positive sign of institutional acceptance.

The statement has shed new light on the emerging story of the U.S. government adopting digital assets, illuminated by the recent establishment of the US Crypto Reserve. When you place certain digital currencies into this reserve, it begins to look as if you’re positioning them as federally recognized assets—especially when you consider that the reserve now includes cryptocurrencies like Cardano, which is seen as a potential rival to Ethereum.

Cardano ETF Approval in 2025: The Odds Are in Favor

A further development arising from Trump’s announcement is that Cardano moving toward an exchange-traded fund (ETF) becoming a reality seems more likely now than it did a day or so before Trump made his announcement. Bringing Cardano into the U.S. strategic reserve is part of a plan that Trump and his administration have. This apparently consists of taking a serious look at the potential digital assets have for being adopted by institutional players. So, naturally, there’s some speculative talk about how close we are now to a Cardano ETF. And in the crypto world, anything ETFs seem to get talkers going.

Polymarket’s recent data indicate that the probabilities have increased dramatically for Cardano’s ETF approval from the SEC in 2025, now sitting at an all-time high of 70%. This is quite the departure from sentiments held earlier this year when the odds of approval were languishing in the low 10% range. Cardano’s inclusion in the U.S. crypto reserve has certainly improved investors’ forecasts. And for many, there is now a palpable sense that the SEC, which has up until now played the role of crypto ETF gatekeeper, is about to hand Cardano’s ETF an approving thumbs-up.

Should Cardano be granted an ETF green light, it would almost certainly rewrite the playbook for the cryptocurrency, giving institutional investors a quasi-Greek-lit pathway to ADA exposure that is both touchable and, in their world, relatable. The ETF route is indeed a roadway. And it is a way that a lot of people in the crypto space think should lead right into the lap of not very many.

The increase in Cardano’s price, along with the increasing faith in the asset’s long-term viability, has made the cryptocurrency a prime contender for ETF approval. Investors and analysts are now looking forward to the April 10th deadline of the Cardano ETF application, which could be a make-or-break moment for the asset in terms of the path it takes in the future.

Why Cardano’s Growth is Significant

The sharp increase in price and the swelling institutional interest of Cardano can only partially be explained by the enthusiasm of the broader crypto market. What is becoming increasingly clear to investors is that the blockchain on which Cardano runs has some singular features and capabilities that set it apart. Founded by Ethereum co-founder Charles Hoskinson, Cardano functions on a proof-of-stake consensus mechanism—an energy-efficient alternative to proof-of-work blockchains like Bitcoin and Ethereum. And the Cardano network seems to be making strides not just in the energy department but also in the blockchain’s scalability, security, and the ecosystem of decentralized applications (dApps) that developers are building on top of it.

More and more often of late, the price of ADA has been surging. This can only mean one thing: ever more people are recognizing Cardano’s technological advancements. And with good reason! The Cardano blockchain is not a static structure. It is an evolving organism. Right now, it is moving toward a future with more and more features—like smart contracts—built right into it. Ever since the price of ADA has been on the up-and-up, more and more development teams, projects, and investors seem to be migrating to Cardano.

In addition, Cardano actively seeks worldwide acceptance by forming partnerships and collaborations in many areas, such as education, healthcare, and agriculture. Its diverse array of use cases instills greater confidence in the long-term sustainability of the network, which in turn makes Cardano an appealing investment asset for both retail and institutional investors.

What’s Next for Cardano and Its Investors?

Cardano’s price keeps moving up in the aftermath of Trump’s announcement, and now all eyes are on April 10th, 2023, the deadline for the Cardano ETF application. The SEC’s approval odds have never been higher—71% as of most recent estimates. Should the Cardano ETF get the green light, we might see the price surging to new all-time highs. How might we interpret these seemingly bullish signals? If anything, they indicate that Cardano is on a clear path toward greater institutional adoption. Should the ETF not get approved, then honestly, it might not matter, because Cardano being with or without an ETF is already an institutional adoption play.

At the moment, Cardano’s investors are soaring on a 60% price increase. But as we look to the next several months, the true test for the asset will come with the SEC’s decision on the ETF.

If Cardano’s ETF is approved, it likely will be a watershed moment for the asset. And if it really goes in the direction of that approval? Well, we might be talking about Cardano as an apparent leader in the crypto market.

To conclude, Cardano has surged past the $1 mark and the odds of its ETF approval seem to be increasing. These are good signs, in my book, of the growing institutional confidence in the cryptocurrency space. With the U.S. government backing not going anywhere, and ETF approval looking more likely than ever, Cardano seems like a bet that is more safe than risky. The SEC is set to make a decision anytime now that could very well determine the next chapter in Cardano’s journey.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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Source: https://nulltx.com/cardano-ada-surges-60-following-trumps-us-crypto-reserve-announcement-is-an-etf-approval-on-the-horizon/