The cryptocurrency community is eagerly awaiting new data from the popular prediction market Polymarket, whose data shows a 55% probability of approval for the Cardano (ADA) ETF by the end of 2025. This is a significant jump in odds from 45% compared to the beginning of the year. The massive increase is indicative of growing confidence among traders that regulators may approve a spot ETF for ADA, as they have done for Bitcoin and Ethereum.
Analysts believe that several factors contribute to this optimism. Many regulatory bodies have become more receptive to investment products related to cryptocurrencies, especially after the success of spot ETFs on Bitcoin and Ethereum, which were approved in the U.S. last year. Additionally, institutional investors may be attracted to Cardano due to its strong fundamentals, such as the proof-of-stake blockchain and active development within its ecosystem.
Meanwhile, some analysts have warned investors not to raise their expectations too high. They argue that there are various factors that could still influence the decision of regulators before the ETF approval.
