A leading market expert suggests a potential Cardano ETF launch, fueling speculation about an upcoming ADA price rally.
There have been rumors of a possible Cardano ETF launch shortly because of the increasing optimism in the cryptocurrency sector, particularly following Donald Trump’s election victory.
Notably, a leading market analyst has also alluded to the imminence of an ETF launch for cryptocurrency in the United States.
This development also raised expectations that the ADA price increase would continue in the days ahead, particularly in light of the Republican Party’s election triumph and the growing anticipation for clear crypto laws.
Will Cardano ETF Launch Soon?
After Nate Geraci, President of ETF Store, alluded to ADA potentially entering the ETF market, the fervor over a Cardano ETF increased.
After increasing speculation on crypto index funds and spot ETF files for Solana (SOL), XRP, and Hedera (HBAR), Geraci conjectured in a post on X that issuers would take into consideration ADA or Avalanche (AVAX) for ETF filings.
Interestingly, this conjecture is consistent with the general confidence in the cryptocurrency market.
Trust in US-issued digital assets has increased as a result of Donald Trump’s promise to position the US as a leader in cryptocurrencies.
Brad Garlinghouse, the CEO of Ripple, also emphasized this trend, pointing out a rise in interest in coins supported by US-based initiatives.
As a result of market expectations for future regulatory clarity, interest in ADA also corresponds with a spike in the price of the cryptocurrency.
Market participants are optimistic that the Republican triumph may open the door for new exchange-traded funds (ETFs) in the cryptocurrency space.
Additionally, it follows Bitwise’s submission of documentation for the launch of the Solana ETF in the US, which has caused market speculation.
Additionally, given the strong increase in the price of the cryptocurrency, it stoked speculation about the possible introduction of a Cardano ETF.
Will ADA’s Price Rise Amid Increasing Market Hope?
The price of Cardano has had a notable upswing in recent days, followed by a decline today.
Notably, the price of ADA fell 4% to $0.792 today after reaching a 24-hour high of $0.8439, a sign of increasing confidence in the market.
Additionally, the market as a whole is feeling optimistic due to the Cardano ETF debut, which suggests that the price of the cryptocurrency will continue to rise.
Additionally, the most recent ADA price study suggests that the cryptocurrency may surge to $1 in the near future.
As the cryptocurrency continues to rise, leading specialists in the sector have also expressed optimism about it.
For background, analyst Ali Martinez recently expressed optimism in the market by stating that the price of ADA is expected to reach $6 in the next few days in a post on X.
