Crypto Community is eagerly awaiting new data from the popular forecast market Polymet. That data shows a 55% chance of Cardano (ADA) ETF approval by the end of 2025. The giant jump is an indicator that boosts confidence among traders that regulators can approve ADA spot ETFs, as they have done for Bitcoin and Ethereum.
Analysts believe there are several factors behind aggressiveness. Many regulators have embraced cryptocurrency-related investment products, particularly after the success of Bitcoin and Ethereum Spot ETFs approved in the US last year. Additionally, facility investors could be attracted to Cardano because of its strong foundations, such as stake proof blockchain and aggressive development in its ecosystem.
Meanwhile, some analysts have warned investors not to overestimate their expectations. They argue that there are a variety of factors that could still affect regulatory decisions before the ETF is approved.
Image: Freepik
Designed by Freepik
