$ADA ETF Hype Meets Regulatory Reality- Sentiment: Neutral

The launch of Grayscale’s Cardano Trust on August 12 initially boosted investor confidence and fueled ADA’s rally.

However, enthusiasm was tempered by the SEC’s decision to delay rulings on XRP ETFs until October—casting doubt on the near-term approval of non-BTC/ETH crypto ETFs.

While Polymarket still prices in an 82% chance of an eventual ADA ETF, the timeline appears increasingly uncertain.

💡 Bottom Line:

Fundamentals remain solid, but regulatory patience is being tested.

For now, ETF hopes are on hold, keeping speculative momentum in check.