{"id":14871,"date":"2025-02-25T11:31:47","date_gmt":"2025-02-25T11:31:47","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=14871"},"modified":"2025-02-25T11:31:47","modified_gmt":"2025-02-25T11:31:47","slug":"cardano-ada-etf-approval-odds-surge-in-the-us-after-key-development-details","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=14871","title":{"rendered":"Cardano (ADA) ETF Approval Odds Surge in the US After Key Development: Details"},"content":{"rendered":"<div>\n<p><strong>TL;DR<\/strong><\/p>\n<ul>\n<li><span data-preserver-spaces=\"true\">The SEC acknowledged Grayscale\u2019s application to introduce a spot ADA ETF in America.\u00a0<\/span><\/li>\n<li>The asset manager also seeks to convert its XRP Trust into an ETF, with similar filings pushing the approval odds to 74% before the end of 2025.<\/li>\n<\/ul>\n<h2><span data-preserver-spaces=\"true\"><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/ADA_CB-1.jpg\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-384822\" src=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/ADA_CB-1.jpg\" alt=\"\" width=\"1201\" height=\"720\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/ADA_CB-1.jpg 1201w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/ADA_CB-1-300x180.jpg 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/ADA_CB-1-1024x614.jpg 1024w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/ADA_CB-1-768x460.jpg 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/ADA_CB-1-50x30.jpg 50w\" sizes=\"auto, (max-width: 1201px) 100vw, 1201px\"><\/a><\/span><\/h2>\n<h2>The Chances Are Rising<\/h2>\n<p><span data-preserver-spaces=\"true\">Over the past few months, <\/span><span data-preserver-spaces=\"true\">there has been a bunch of companies displaying<\/span><span data-preserver-spaces=\"true\"> their intentions to launch spot crypto exchange-traded funds (ETFs) in the United States. Among the most active entities in this field is the world\u2019s largest digital asset manager <\/span><span data-preserver-spaces=\"true\">\u2013 Grayscale<\/span><span data-preserver-spaces=\"true\">.<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The organization officially <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/ada-pumps-14-as-grayscale-files-for-spot-cardano-etf\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">filed<\/span><\/a><span data-preserver-spaces=\"true\"> for a Cardano (ADA) exchange-traded fund with the New York Stock Exchange on February 10. Several hours ago, the SEC <a href=\"https:\/\/www.sec.gov\/files\/rules\/sro\/nysearca\/2025\/34-102475.pdf\" data-wpel-link=\"external\" target=\"_blank\">acknowledged<\/a> Grayscale\u2019s application. The move marks the beginning of the regulatory review process, which usually lasts 240 days.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The SEC\u2019s acknowledgment has increased the chances of the product seeing the light of day before the end of 2025. <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/polymarket.com\/event\/cardano-etf-in-2025?tid=1740466037791\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">According<\/span><\/a><span data-preserver-spaces=\"true\"> to Polymarket, the odds have risen from 52% on February 24 to 66% <\/span><span data-preserver-spaces=\"true\">as of now<\/span><span data-preserver-spaces=\"true\">.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">A potential green light will allow investors to gain exposure to ADA without purchasing it from exchanges or worrying about self-custody methods. <\/span><span data-preserver-spaces=\"true\">This<\/span><span data-preserver-spaces=\"true\"> could have a positive effect on the price in the long term.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">As of now, though, Cardano\u2019s native token is not in the best shape. It trades at around $0.64 (per CoinGecko\u2019s data), representing a 12% daily decline<\/span><span data-preserver-spaces=\"true\">.<\/span> <span data-preserver-spaces=\"true\">Its drop aligns with the broader <\/span><span data-preserver-spaces=\"true\">collapse of the cryptocurrency market<\/span><span data-preserver-spaces=\"true\">, where Bitcoin (BTC) crashed below $90,000, while Ethereum (ETH) dipped under $2,400.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">As <\/span><em><span data-preserver-spaces=\"true\">CryptoPotato<\/span><\/em> <a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/liquidations-shoot-above-1-billion-as-bitcoin-btc-breaks-down-to-90k\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">reported<\/span><\/a><span data-preserver-spaces=\"true\">, the sector\u2019s decline negatively affected some over-leveraged traders. The total value of liquidated positions in the last 24 hours surged past $1 billion.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Grayscale\u2019s XRP-Related Efforts<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">The entity also recently <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/grayscale-files-for-ripple-xrp-etf-listing-on-nyse\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">sought<\/span><\/a><span data-preserver-spaces=\"true\"> regulatory approval to convert its existing XRP Trust into an exchange-traded fund. <\/span><span data-preserver-spaces=\"true\">Earlier this month, the SEC <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/why-is-the-ripple-xrp-price-up-today-23\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">acknowledged<\/span><\/a><span data-preserver-spaces=\"true\"> that application, triggering a substantial uptick in the <\/span><span data-preserver-spaces=\"true\">price of the underlying asset<\/span><span data-preserver-spaces=\"true\">.<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Other well-known companies willing to introduce an XRP ETF in America include 21Shares and Bitwise. The Commission has also <a href=\"https:\/\/cryptopotato.com\/ripple-xrp-etf-edges-closer-to-reality-with-new-milestone\/\" data-wpel-link=\"internal\">acknowledged<\/a> their filings.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">According to numerous industry participants<\/span><span data-preserver-spaces=\"true\"> the launch of such an investment vehicle might be just around the corner, <\/span><span data-preserver-spaces=\"true\">whereas<\/span><span data-preserver-spaces=\"true\"> Ripple\u2019s CEO has <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/heres-why-xrp-etf-is-inevitable-ripple-ceo-chips-in\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">asserted<\/span><\/a><span data-preserver-spaces=\"true\"> multiple times that this is \u201cinevitable.\u201d<\/span><span data-preserver-spaces=\"true\"> The chances of an approved XRP ETF in the US before the end of 2025 currently <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/polymarket.com\/event\/ripple-etf-approved-in-2025?tid=1740475686495\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">stand<\/span><\/a><span data-preserver-spaces=\"true\"> at 74% (per Polymarket).<\/span><\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/cardano-ada-etf-approval-odds-surge-in-the-us-after-key-development-details\/\" rel=\"nofollow\">Cardano (ADA) ETF Approval Odds Surge in the US After Key Development: Details<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR The SEC acknowledged Grayscale\u2019s application to introduce a spot ADA ETF in America.\u00a0 The asset manager also seeks to convert its XRP Trust into an ETF, with similar filings pushing the approval odds to 74% before the end of 2025. The Chances Are Rising Over the past few months, there has been a bunch [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-14871","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/14871","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14871"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/14871\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14871"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14871"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14871"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}