The Cardano (ADA) token is riding a wave of bullish momentum as speculation grows about a potential spot Cardano ETF approval in 2025. With institutional interest heating up, ADA has surged 15% in 24 hours, trading at $0.88063 at press time.

Why Traders Bet on Cardano ETF Approval

Prediction market Polymarket now shows an 79% chance of SEC approving a Cardano ETF this year. This optimism stems from two key developments:
- Grayscale’s Delaware Trust Filings
- Registered “Grayscale Cardano Trust ETF” on August 12, 2025
- Similar filing for Hedera (HBAR) ETF
- Typically precedes formal SEC application
- SEC’s Engagement with NYSE Arca
- Regulatory review of 19b-4 filing already underway
- Mirrors early Bitcoin ETF approval process
“This could open floodgates for institutional capital,” notes Web3 researcher Justin Wu.
What This Means for Cardano
A spot ETF would:
✅ Let traditional investors access ADA without self-custody
✅ Potentially trigger mainstream adoption
✅ Validate Cardano’s peer-reviewed blockchain model
ADA Price Reacts to ETF Buzz

The market is clearly pricing in this optimism:
- 15% price surge in 24 hours
- Growing trading volume
- Positive sentiment across crypto forums