Cardano ETF approval odds climb to 55% on Polymarket, fueled by Hoskinson’s reveal of the Glacier Drop airdrop.
Polymarket, a prediction market, has increased the probability of a Cardano ETF being authorized in 2025 to 55%. “Yes,” traders have pushed shares up to $0.68, indicating a growing confidence in the altcoin’s potential to become an exchange-traded product.
Cardano ETF odds have increased to 55%
The Cardano ETF’s approval probability has increased by 45% in the past few weeks. Grayscale has already applied for a Cardano ETF, and due to the increasing likelihood of approval, other asset managers may follow suit.
Cardano has been slower in attracting ETF momentum than Bitcoin and Ethereum. Nevertheless, the network’s most recent announcements at Consensus 2025 could alter this, particularly in light of a strong emphasis on sustainability, decentralization, and new utility.
Glacier Airdrop Boosts: All Retail No VC Cardano ETF Bets
Charles Hoskinson, the founder of Cardano, disclosed the complete details of the Glacier Airdrop, which is associated with the forthcoming Midnight sidechain, during his speech at the event.
Midnight will generate two tokens: NIGHT for governance and DUST for privacy-based transactions. These tokens will be distributed to over 37 million addresses on eight blockchains. Hoskinson underscored that venture capitalists will not receive any compensation, and he subsequently referred to the typical token launches as “Ponzinomics.”
He reminisced about his rejection of venture capital offers, saying, “Get the hell out.”
He stated that the tokens would be unrestrictive, allowing users to ignore, sell, or keep them. “It is your property,” he informed the audience.
Midnight’s cross-chain model enhances Cardano’s case
Midnight is currently in the testnet and is anticipated to be operational by the conclusion of 2025. Its architecture is designed to facilitate cooperative economics, which enables developers to remit fees in their native tokens. These tokens, ETH, SOL, BTC, or ADA, allow validators from any chain to earn rewards by helping secure the network.
Charles Hoskinson said they designed Midnight to “end tribalism” in crypto and serve as infrastructure, not competition, for existing ecosystems. Analysts suggest this neutral design and user-first tokenomics strengthen Cardano ETF viability in the eyes of regulators.
In the interim, Midnight’s ZK privacy technology is already demonstrating its utility. The founder of Cardano disclosed that Brave Ads and VPN intend to incorporate it, providing millions of consumers with extraordinary protection.
Cardano (ADA) is currently trading at approximately $0.78, which is above a significant resistance level. The positive sentiment surrounding the Cardano ETF has resulted in modest gains for the token over the past 24 hours. According to market analysis, the critical factor is for ADA to surpass the $0.80 threshold, indicating a resurgence in favorable momentum.
