Wealth Multiplier
$ADA approvals ETF.
ADA (Cardano) is a decentralized blockchain platform.
ADA is the native cryptocurrency of the Cardano platform.
Cardano uses a PoS consensus mechanism called Ouroboros, which is more energy-efficient than Bitcoin’s Proof-of-Work.
Cardano is known for its research-first, peer-reviewed development strategy.
ADA Enabled through the Alonzo upgrade, allowing developers to build dApps.
ADA's Core goals of the platform’s ongoing development.
As of now (2025), there is no officially approved ADA ETF (Exchange-Traded Fund) in the U.S. or most major markets.
However:
Crypto Index ETFs: Some crypto index funds or ETFs may hold ADA along with other assets like BTC, ETH, SOL, etc.
ETPs (Exchange-Traded Products): In Europe and some other regions, there are ADA ETPs or ETNs (Exchange-Traded Notes). For example:
21Shares Cardano ETP (ticker: AADA) on Swiss SIX exchange.
Valour Cardano ETP on Nordic exchanges.
Why No ADA ETF in the U.S. Yet?
The SEC has not approved spot ETFs for many altcoins (aside from Bitcoin and recently Ethereum, under discussion).
There’s ongoing debate about whether ADA is a security, which affects ETF eligibility.
