Cardano Gains Momentum as ETF Approval Odds Reach 80%
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Cardano (ADA) is experiencing a significant surge in both price and institutional interest, with recent developments suggesting the cryptocurrency could be on the verge of major breakthroughs.
The token has jumped nearly 15% in the past 24 hours, trading at approximately $0.88, while prediction markets now give Cardano an 80% chance of receiving ETF approval in 2025.
Grayscale Makes Strategic Move Toward Cardano ETF
Asset management giant Grayscale Investments has filed registration documents in Delaware for both a Cardano Trust ETF and a Hedera Trust ETF on August 12, 2025.
This filing represents a crucial first step in Grayscale’s typical ETF application process, which historically leads to formal SEC submissions.
The registration comes as the Securities and Exchange Commission has already acknowledged NYSE Arca’s 19b-4 filing for a proposed Cardano ETF earlier this year.
This acknowledgment initiates the formal regulatory review process, mirroring the path taken by Bitcoin ETFs before their eventual approval.
Industry analysts believe a standardized crypto ETF framework could emerge soon, potentially allowing joint approvals rather than individual assessments.
Such regulatory clarity would provide traditional investors with direct ADA exposure without the complexity of managing digital wallets or private keys.
Security Concerns Boost Cardano’s Value Proposition
Recent events in the cryptocurrency space have highlighted Cardano’s robust security architecture.
The Qubic project demonstrated a critical vulnerability by gaining control of over 51% of Monero’s hashrate, effectively allowing them to manipulate the privacy-focused cryptocurrency’s network.
Qubic has reached over 51% of Monero’s hashrate, effectively giving it control of the network.
Qubic chose not to launch the takeover yet, proving a powerful theory by action.
But this story isn’t over yet. What’s next for Qubic and the future of PoW chains?
Article below⏬ pic.twitter.com/JqQNqpy95j
— Qubic (@_Qubic_) August 12, 2025
Cardano founder Charles Hoskinson used this incident to emphasize the superiority of Cardano’s upcoming Midnight blockchain.
Midnight incorporates a multi-resource consensus mechanism called Minotaur, which uses different resources from both proof-of-work and proof-of-stake systems. This hybrid approach prevents any single attack vector from compromising the entire network.
This is another reason we built minotaur for Midnight. Multi-resource consensus ensures checks and balances for the consensus providers using different resources from work to stake. Thus no one attack can take over the network https://t.co/NluXl1vxrP
— Charles Hoskinson (@IOHK_Charles) August 12, 2025
The stark contrast between Monero’s vulnerability and Cardano’s defensive design has resonated with investors, contributing to increased confidence in ADA’s long-term security model.
Long-Term Holders Display Unusual Market Behavior
On-chain data from Alphractal reveals that Cardano’s long-term holders are exhibiting unprecedented commitment to their positions.
Holders of ADA Cardano Are Not Selling
Here are some interesting Onchain and risk analysis metrics for ADA.1️⃣Long-Term Holders (LTH)
Long-term investors have been steadily accumulating ADA since 2021, with no signs of major distribution so far. This shows strong confidence in… pic.twitter.com/LttL0KExKb— Alphractal (@Alphractal) August 12, 2025
Unlike typical market cycles where early investors take profits during price rallies, ADA’s loyal investor base has been steadily accumulating tokens since 2021 without significant distribution.
This behavior appears partly driven by ADA’s current price remaining 74% below its all-time high of $3.09 from September 2021. Many investors who purchased during that cycle lack compelling incentives to sell until the token approaches those previous levels.
Interestingly, short-term holders are also showing more restraint compared to the 2021 bull market. Despite ADA’s 150% year-over-year gains, this cohort is applying far less selling pressure than during previous rallies, instead modestly increasing their positions.
With institutional interest growing and the price outlook aligning favorably, Cardano appears positioned for significant developments as 2025 progresses. The combination of potential ETF approval, enhanced security features, and a committed investor base creates a compelling foundation for future growth.
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