Key Highlights:
• Grayscale has filed for a spot Cardano ETF on the NYSE, signaling growing institutional demand for ADA.
• Cardano price surged 15% in 24 hours, with analysts eyeing a potential breakout toward its all-time high of $3.
Ladies and Gentlemen if ParadiseClub! Bitcoin may be hogging the spotlight with its relentless march toward $100K, but Cardano (ADA) just stole the show with a 15% rally. The catalyst? Grayscale’s fresh ETF filing for a spot Cardano fund on the New York Stock Exchange (NYSE), giving institutional investors a new way to tap into ADA without the hassle of self-custody.
This bullish development comes amid a shifting regulatory landscape, thanks to President Trump’s pro-crypto stance, which has emboldened fund managers to push for more altcoin ETFs. With a fully diluted market cap of $35.7 billion and $1.1 billion in daily trading volume, Cardano is proving it’s still a major player in the altcoin market.
Grayscale’s Big Bet on ADA
Grayscale’s move to launch a Cardano ETF mirrors its successful strategy with Bitcoin and Ethereum, both of which saw massive institutional inflows post-ETF approval. If history is any guide, this could drive significant liquidity into ADA, further legitimizing it in the eyes of traditional finance.
Crypto analysts believe that if the SEC greenlights Cardano’s ETF within the next 12–24 months, it could pave the way for an institutional altcoin boom, driving deeper liquidity into the market.
ADA’s Next Move: Can It Break $3?
After being stuck in bearish territory for five weeks, ADA is now signaling a major breakout. Crypto analyst Ali Martinez suggests that as long as Cardano holds the key support zone between $0.67 and $0.81, further downside is unlikely.
If ADA maintains momentum and breaks above $0.81 with volume, the next major target is $3—its all-time high. Given the recent ETF hype and Bitcoin’s bullish trend, a move toward this level isn’t out of the question.
Final Thoughts: Is ADA Ready for a New Bull Run?
Grayscale’s ETF filing has injected fresh optimism into Cardano’s price action, and if approved, it could fuel a major institutional wave into ADA. While regulatory hurdles remain, the ETF movement has already reshaped Bitcoin and Ethereum’s market dynamics—and Cardano could be next in line.
For now, all eyes are on whether ADA can maintain support and break key resistance levels. If Bitcoin continues its upward trajectory and institutional money flows into altcoins, Cardano’s next stop could very well be $3 and beyond.
