Interest in Cardano (ADA) as a potential candidate for a spot ETF is growing. Nate Geraci, CEO of The ETF Store, recently suggested that ADA could be next in line for a spot ETF filing. As the demand for crypto ETFs rises, ADA might soon join the ranks of other major cryptocurrencies.

ADA’s Potential for a Spot ETF
Geraci believes Cardano is a strong contender, alongside Avalanche (AVAX). The increasing interest in crypto index funds and the recent push for Solana (SOL) and XRP spot ETFs further support ADA’s case.

A recent post by Whale X highlighted Cardano’s relatively low risk compared to other digital assets. With a decentralized structure, a loyal community, and steady performance since its 2017 debut, ADA stands out in the crowded crypto market.
Why Cardano Appeals to Institutional Investors
Cardano boasts impressive metrics that attract institutional interest. Currently, 58% of ADA tokens are staked, and the network has maintained 100% uptime since launch. These factors reinforce Cardano’s reliability in an often unpredictable market.
Current Market Performance

At the time of writing, ADA is trading at $0.9724, reflecting a 3.20% drop in the last 24 hours. Its market capitalization sits at $34.19 billion, while trading volume has fallen 35.81% to $988.22 million. Despite this downturn, ADA’s supply distribution remains healthy, with 35.17 billion tokens in circulation out of a total cap of 45 billion.
Technical Analysis: What’s Next for ADA?
Despite recent fluctuations, analysts remain optimistic about Cardano’s future. Crypto analyst Ali predicts ADA could reach $1.50 if it breaks through the $1.10 resistance level.
A symmetrical triangle pattern has emerged on ADA’s 4-hour chart, starting January 21, 2025. This pattern indicates a period of consolidation, suggesting an imminent breakout.
Conclusion
With a strong foundation, growing interest, and technical indicators pointing to potential gains, Cardano (ADA) remains a top contender for a future spot ETF. As market conditions evolve, investors will be closely watching ADA’s next move.