Cardano

Momentum

Gains

<p>The post <a href="https://coinpedia.org/news/cardano-ada-gains-momentum-as-institutional-investors-eye-altcoin-etfs/" rel="noopener noreferrer nofollow">Cardano (ADA) Gains Momentum as Institutional Investors Eye Altcoin ETFs</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>In a recent surge of interest surrounding the approval of exchange-traded funds (ETFs) for alternative cryptocurrencies in the U.S. The renowned Cardano (ADA) enthusiast, known as cardano_whale, has shared an optimistic thread underscoring the potential benefits for institutional investors.</p>
<h2 class="wp-block-heading" id="h-cardano-exposure-is-worthwhile-idea">Cardano exposure is worthwhile idea</h2>
<p>As anticipation builds for a surge of institutional and traditional finance (TradFi) funds entering the crypto sphere through ETFs, cardano_whale’s recent publication underscores that Cardano (ADA) is not just any altcoin but a strategic investment with unique attributes.&nbsp;</p>
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   <p lang="en" dir="ltr">1/More institutional and tradfi money is bound to find its way into crypto soon<br><br>Now might be a good time to recap why Cardano exposure is a worthwhile idea to explore for them<br><br>The mantra of the majors and every VC coin is repeated to them ad nauseam, but where does <a href="https://twitter.com/search?q=%24ADA&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ADA</a> fit in?</p>— ADA whale (@cardano_whale) <a href="https://twitter.com/cardano_whale/status/1746065924564865382?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">January 13, 2024</a>
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<p>However, cardano_whale’s thread delves into the protocol’s peer-reviewed, stable, and lightweight nature, boasting an impressive six-year track record of uninterrupted operation. He points out that Cardano’s distribution is notably inclusive and transparent, with founding entities controlling only about 10% of the ADA supply.&nbsp;</p>
<p>Meanwhile, the staking design is hailed as one of the most decentralized, contributing to the network’s resistance to potential 51% attacks. Moreover, Cardano has implemented various scalability and functionality innovations, making it a fast-growing and feature-rich blockchain suitable for diverse decentralized applications (dApps).</p>
<p>With the recent approval of Bitcoin ETFs in the U.S., the cryptocurrency community is turning its attention to the potential for altcoin-based exchange-traded products. cardano_whale’s thread coincides with growing discussions on the future of altcoin ETFs, with notable figures expressing expectations for Ethereum (ETH) and <a href="https://coinpedia.org/news/hong-kongs-crypto-index-drops-xrp-for-solana-whats-behind-the-decision/" rel="noopener noreferrer nofollow">XRP ETF approvals</a>.</p>
<h2 class="wp-block-heading" id="h-ada-s-current-etf-presence">ADA’s Current ETF Presence</h2>
<p>As of the latest information, Cardano (ADA) is <a href="https://coinpedia.org/price-prediction/cardano-price-prediction/" rel="noopener noreferrer nofollow">already backing</a> the Swiss-registered 21Shares Cardano ETF. Additionally, it holds a position in the OTC-traded Grayscale Digital Large Cap Fund (GDLC) portfolio and is featured in Bitwise Investments’ “Bitwise 10 Crypto Index Fund” (BITW).</p>
<p>Cardano’s unique features, decentralized structure, and continuous innovations position it as a standout candidate for institutional investors seeking exposure to altcoins through ETFs.&nbsp;</p>
<p>As the crypto market continues to evolve, Cardano’s organic growth and developer-friendly ecosystem could contribute to its prominence in the expanding landscape of cryptocurrency investments.</p>

Cardano (ADA) Gains Momentum as Institutional Investors Eye Altcoin ETFs

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