ADA volatility continues, but long-term institutional interest remains high.
Traders are keeping an eye on Cardano (ADA) as confidence grows over a possible spot ETF approval in 2025. According to blockchain-based prediction platform Polymarket, traders currently assign a 76% chance that a spot Cardano ETF will be approved by the U.S. SEC in 2025.
The odds have surged in recent weeks, with over $374,000 wagered on the outcome, reflecting the new optimism. On the platform, users can buy “Yes” shares at 76 cents and “No” shares at 25 cents, closely reflecting the market’s real-time outlook on regulatory progress.
Related: Chainlink and Cardano Flash Bullish Signals: Is This a Pre-Bull Market Breakout?
Much of the momentum stems from improving communication between the crypto sector and the SEC. Bloomberg analysts Eric Balchunas and James Seyffart have added to the bullish tone, forecasting that Cardano, among other altcoins, has a 90% or higher…
