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Cardano (ADA) Gains Steam in Altcoin ETF Race
The race to launch a new ETF (Exchange-Traded Fund) focused on altcoins has just gotten a lot more interesting. Despite Bloomberg’s Eric Balchunas stating that the odds of approval for Cardano’s ETF are likely around 60%, the cryptocurrency is gaining steam in the market.
As reported by U.Today, the uncertainty surrounding Cardano’s ETF proposal means that investors should not be surprised if this prediction holds true. Furthermore, with no Bloomberg odds available for Cardano’s ETF, it is difficult to accurately predict its approval chances.
In related news, Nate Geraci has predicted that more ETF proposals will keep coming in the near future. This adds fuel to the fire as to why Cardano investors should be keeping a close eye on this development.
It appears that the market is growing increasingly impatient with the lack of clear regulatory guidance for these new altcoin ETFs. As such, it is likely that we will see even more filings and announcements in the coming weeks.
Let’s hope the market continues to have some exciting developments to keep us all engaged.
Source: u.today
