Amid the tremendous noise around the boxes circulating on the stock exchange, the eyes are on the immediate Cardano ETF approval with the approaching deadline. Nowadays, only two of the investment funds circulating in the position of the Investment Funds, Bitcoin and Ethereum, each have great attention. More importantly, both of them have seen high flows and effect on the value of symbols. The same is expected to be the Cardano code, which leads to very expected approval possibilities on polymarket. Will SEC finally say yes to ADA ETF? Let’s discuss.
ETF Polymark Cardano ETF approval has reached 71 %
GrayScale was introduced to get Ada ETF at the beginning of the year, along with others. It is rumored that the Supreme Education Council has recognized the deposit and is scheduled to make a decision on May 29, 2025. With the approaching date of the SEC decision, the approval of Cardano ETF ATH was 71 % after it was destroyed to 49 % at the beginning of the month.
The approval probability of 71 % indicates that investor confidence in its approval is rising, especially since SEC has been delayed XRP and other investment funds circulating earlier in the month. Amid this expectation, the price of Cardano rises, as it is currently trading at $ 0.77, an increase of 3.5 % today and 6.5 % during the week.
Since ADA is trading higher than the main resistance and forming multiple patterns up, Cardano expert predictions expert hints in a possible march to $ 0.84 in the short term and $ 13 in the long term. In this, SEC decision can play an important role.
Will SEC agree to Cardano ETF this week?
Despite the high difficulties and the confidence of investors in the approval of Cardano ETF, i.e. May, there is uncertainty. The main reason is the delay in Sol and other ETFS, as SEC claims additional time to ensure its compliance with the rules, regulations and safety of investors.
A Kardano expert Hints to potential approval, cited polymers, the SEC Paul Attins, and the Bloomberg prediction. Earlier, according to the Bloomberg analysts, a 75 % opportunity to obtain ADA ETF approval. Moreover, there is no regulatory problem or compliance with Cardano, and its adoption is high.
However, the community is divided into the SEC decision, as many expect this possibility, while others expect delays such as other traded investment funds. In addition, there are more than 70 ETF files under review, and SEC will decide some of the circulating investment boxes such as Spot XRP, Dogcoin, etc. in June.
XRP ETF futures were recently broadcast and gained a high trading volume on the first day. As a result, there is also a great expectation of his approval.
However, there are no confirmed or fully supported predictions. Moreover, the closed delays of these boxes circulating on the stock exchange indicate possible delays for Cardano as well. Investors must wait for more clarity and information on this topic.
Related questions (common questions)
SEC’s decision on Spot Cardano ETF is suspended, but they are expected to decide to introduce gray by May 29.
Amid SEC delays on other traded investment funds, there is a high possibility that they may delay this.
ADA is currently trading at $ 0.77 with an increase of 3.5 % in 24 hours and 6.5 % during the week. In addition, it constitutes bullish patterns, so it reacts positively with this deadline.
Bouja Khargia
With a deep -rooted passion for reading and five years experience in writing the content, POOJA is now focusing on formulating content direction around the cryptocurrency market. As a dedicated encryption journalist, Poja is constantly looking for topics and media statistics to create convincing pieces for encryption lovers. Staying in view of the latest trends and progress in this field is an integral part of its daily routine, which provides a commitment to provide time in time and insight.
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