Cardano’s ADA token is riding a wave of optimism in both price and sentiment as expectations grow for a spot Cardano ETF to win U.S. approval in 2025.
The shift comes against a backdrop of expanding institutional interest in altcoin-based funds and a political environment in Washington that has turned notably more favorable toward digital assets.
Grayscale Signals ETF Ambitions
Fresh confidence in an ADA ETF has been fueled by data from prediction platform Polymarket, where traders now assign an 80% probability that the SEC will give the green light this year.
Much of this optimism followed Grayscale Investments’ decision to register two new statutory trusts in Delaware on August 12, 2025 — one for Cardano and another for Hedera (HBAR).
While such registrations are not formal ETF filings, they have historically been the first step in Grayscale’s approach before submitting S-1 forms to the SEC. Industry observers note that both Cardano and Hedera have growing traction in the real-world asset (RWA) sector, making them prime candidates for institutional investment products.
Regulatory Review Already Underway
Earlier this year, NYSE Arca submitted a 19b-4 proposal for a Cardano ETF, which the SEC has formally acknowledged. This acknowledgment doesn’t mean approval is guaranteed, but it signals the start of a review process — a critical stage that mirrors the early path taken by Bitcoin ETFs before they were approved.
If successful, a spot Cardano ETF would offer traditional investors exposure to ADA without requiring direct custody of the token, opening the door to a broader base of institutional and retail participants.
The information provided in this article is for informational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
Source: https://coindoo.com/cardano-could-be-next-in-etf-lineup-as-approval-chances-surge/