đš $ADA ETF Bets Surge to 55% as Airdrop Hype Builds đ
According to prediction market Polymarket, the chances of a Cardano ETF being approved in 2025 have climbed to 55%.
Traders have pushed âYesâ shares up to $0.68, signaling rising confidence in the altcoinâs potential path to becoming an exchange-traded product.
The current odds of Cardano ETF approval represent a 45% increase over recent weeks.
Grayscale has already filed for a Cardano ETF and with the rising odds of an approval, other asset managers may move to file on too.
Cardano has been slower than Bitcoin and Ethereum in attracting ETF momentum.
However, a sharp focus on sustainability, decentralization, and new utility could change that, especially after the networkâs latest announcements at Consensus 2025.
Speaking at the event, Cardano founder Charles Hoskinson revealed full details of the long-awaited Glacier Airdrop, tied to the upcoming Midnight sidechain.
Midnight will issue two tokens which are NIGHT for governance and DUST for privacy-based transactions. These tokens will be issued to over 37 million wallets across eight blockchains.
Hoskinson emphasized that venture capitalists will receive nothing and he went on to call the typical token launches âPonzinomics.â
Midnight is currently in testnet and is expected to go live by the end of 2025. Its architecture is built for cooperative economics which helps developers to pay fees in their native tokens.
These tokens such as, ETH, SOL, BTC, or ADA allow validators from any chain to earn rewards by helping secure the network.