Investor hopes for a Cardano exchange-traded fund (ETF) are climbing rapidly. On the prediction market Polymarket, the odds of a Cardano ETF being approved in 2025 have jumped to 55%, largely driven by the recent announcement of the Glacier Airdrop by Charles Hoskinson.
🔹 Market Shows Growing Confidence in Cardano
According to Polymarket, shares betting “Yes” on the approval of a Cardano ETF have surged to $0.68, reflecting strong investor optimism. This marks a 45% increase from recent weeks, despite the fact that no official ETF filing has been made yet.
What’s fueling the momentum? Rising institutional interest, a more favorable regulatory environment, and Cardano’s renewed focus on decentralization, sustainability, and practical utility.
🔹 Hoskinson Unveils Midnight and Ignites Investor Excitement
At the Consensus 2025 conference, Hoskinson revealed full details of the long-awaited Glacier Airdrop, which is tied to the upcoming Midnight sidechain. This new network will introduce two tokens:
🔹 NIGHT – for governance and decision-making
🔹 DUST – for private transactions
The airdrop will be distributed to over 37 million wallets across eight blockchains. Importantly, venture capital firms will receive nothing — Hoskinson rejected VC involvement and criticized traditional token launches as "Ponzinomics."
“Get the hell out,” he said, recalling how he turned down VC offers.
“This is your property — keep it, sell it, or ignore it.”
🔹 Midnight Aims to Break Blockchain Barriers
Midnight is currently in its testnet phase and is expected to launch by the end of 2025. Its architecture introduces a cross-chain economic model, where users can pay fees with native tokens from different chains, and validators from networks like ETH, SOL, BTC, or ADA can earn rewards by securing the network.
Hoskinson described Midnight as an infrastructure layer for all of crypto, not a competitor. Its goal is to end the tribalism between blockchains and foster an open, interoperable ecosystem.
🔹 Cardano ETF Becomes More Likely
Analysts believe that this user-first approach and neutral, interoperable design could help Cardano gain credibility with regulators — and increase its chances of becoming the next approved ETF.
Cardano (ADA) is currently trading at $0.78, testing key resistance at $0.80. The token has seen modest gains over the past 24 hours as excitement builds around a potential ETF and the Glacier Airdrop.
#Cardano , #etf , #CryptoNewss , #defi , #blockchain
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