Cardano ETF decision nears as investor excitement builds. Will the SEC approve it or delay like other pending crypto ETF proposals?
The Spot Cardano ETF approval is the subject of much attention as the deadline approaches amidst the excitement surrounding exchange-traded funds.
Currently, there are only two spot ETFs in operation, Bitcoin and Ethereum, which are receiving significant attention.
More importantly, both experienced substantial inflows and a corresponding effect on the value of their tokens.
The Cardano token is anticipated to experience comparable outcomes, leading to approval odds on Polymarket.
Will the SEC ultimately approve this ADA ETF? We should engage in a conversation.
71% Of Polymarket Cardano ETFs Are Approved
In conjunction with other entities, Grayscale submitted an application for the ADA ETF at the year’s commencement.
The SEC is rumored to have acknowledged the filing and is expected to decide on May 29, 2025.
The probabilities of Cardano ETF approval have reached an ATH of 71% as the SEC’s decision deadline approaches, following a decline from 49% at the beginning of the month.
The 71% approval odds suggest that investors are increasingly confident in the approval process, particularly in light of the SEC’s decision to postpone the XRP and other crypto ETFs earlier this month.
The Cardano price is currently trading at $0.77, representing a 3.5% increase today and a 6.5% increase over the week amidst this anticipation.
The expert Cardano price prediction suggests that a potential rally to $0.84 in the short term and $13 in the long term is possible as ADA trades above key resistance and forms multiple bullish patterns.
The SEC’s decision could have a substantial impact in this regard.
Will Cardano ETF Get SEC Approval This Week?
Despite the high odds and investors’ confidence in the Cardano ETF certification this May, there is uncertainty.
The primary cause of the delay is the SEC’s assertion that additional time is required to guarantee investor safety and conformance with rules and regulations for SOL and other ETFs.
A Cardano expert suggests that the prospective approval is imminent, citing Polymarket data, SEC Chair Paul Atkins‘ interaction, and a Bloomberg prediction.
Bloomberg analysts had previously asserted that there was a 75% likelihood of the ADA ETF being approved.
The adoption of Cardano is considerable, and there are no regulatory or compliance issues.
Nevertheless, the community is divided regarding the SEC’s decision, as some predict it may be delayed.
In contrast, others anticipate it will be delayed like other crypto ETFs.
Furthermore, over 70 ETF filings are currently under review, and the SEC will make decisions regarding certain crypto ETFs, such as spot XRP and Dogecoin, in June.
The XRP ETF futures recently went live and experienced a significant increase in trading volume on its first day.
As a consequence, there is also a high expectation of its approval.
Nevertheless, there are no predictions that have been confirmed or have been completely substantiated.
Additionally, the consistent delays of these exchange-traded funds suggest that Cardano may also experience delays.
Investors are required to await additional clarification and information regarding the matter.
