News and analysis on encrypted currencies, Blockchain and decentralized financing

yesterday, Detected This gray introduces the 19B-4 app with SEC for the ETF spot on Ada (Cardano).

This is the six demand that has been submitted to the Supreme Education Council for ETF Crypto since Trump won the elections, but this is the first in the United States of America related to Cardano.

Layer-1 Blockchain Cardano

Cardano is a long -standing encryption project, dating back to 2017.

It is defined as the “Blockchain” and highlights other Blockchain projects for its scientific and academic approach.

In fact, the development team, led by Charles Hoskinson, relies on research that the pendants have reviewed to implement new features and improvements.

One of its main features is decentralized governance, although this is not a fully developed feature at the moment: Cardano is already aimed at DecentralizationAllow ADA holders to participate in decisions on the development of the platform by voting.

However, unfortunately, the result of all this is that the development of Kardano is not fast, and this means that over the years it was unable to approach ethereumAnd for some alternative uses (especially in DefiIt has been overlooked through more modern projects, but faster in development.

ADA price rises after the ETF request on Cardano

The original encrypted currency in Kardano Lead.

After the news of the Grayscale request for ETF, a spot in the United States of America, its price suddenly increased by 15 %.

However, the expansion of the analysis to a longer period reveals that it is basically just a bounce.

Before Trump’s electoral victory, when ADA was attacked by the Supreme Education Council, which she considered unregistered security, its price decreased to a little more than $ 0.3. However, with Trump’s victory, he jumped to more than $ 1.2 within a month.

However, since then, he was not able to climb, to the extent that it was first recovered to $ 0.8, then recovered up to less than $ 0.7.

In fact, on Monday, February 3, it reached approximately $ 0.6, only to start a recovery of its return today to $ 0.8.

The current price level is not much higher than the tops of the first half of last year, and it is still at -74 % of its highest levels in 2021. Therefore, today’s movement is only a short -term movement that may need more confirmation to be considered something more important.

Crypto Etfs: Does one come on Ada (Cardano)?

Similar products to Crypto ETFS have already existed for years in many European exchanges. In addition, in the United States of America, there were already some of the investment funds circulating in the encryption even before 2024, but were included in futures and not in encrypted currencies.

The first decline of the Crypto ETF in the United States returns to January 2024, with the arrival of instant bitcoin boxes.

This launch turned into great success, to the point that it led the price of Bitcoin to record new levels ever a few months before half, something that has not happened before.

In July, the investment funds circulated at Spot Ethereum were launched, but they did not achieve the same success.

To say the truth, despite the enthusiasm of the investment funds circulating in Spot Crypto, which may from now reach the American stock exchanges, with regard to Altcoins, it is easier to imagine a similar success for the success achieved by the investment funds circulated on ETAREM, instead of one similar to that which has been achieved from Before those on bitcoin.

Moreover, during the year 2025, it is expected that many investment funds circulating localized on the USA’s stock exchanges will land on various cryptocurrencies, including in particular Litecoin, Solana, XRP and Dogcoin.

In light of this, it is difficult to imagine that Cardano’s investment funds can succeed, and this may be for this reason the high price of Ada today has been contained relatively.