Cardano Gains Momentum as ETF Approval Odds Reach 80%

Cardano (ADA) is experiencing a significant surge in both price and institutional interest, with recent developments suggesting the cryptocurrency could be on the verge of major breakthroughs.

The token has jumped nearly 15% in the past 24 hours, trading at approximately $0.88, while prediction markets now give Cardano an 80% chance of receiving ETF approval in 2025.

Asset management giant Grayscale Investments has filed registration documents in Delaware for both a Cardano Trust ETF and a Hedera Trust ETF on August 12, 2025.