Recent Bloomberg Report about ADA ETF Excites Cardano Holders

Cardano enthusiasts have reason to celebrate as ETF approval odds for the popular blockchain project just received a major boost. According to a recent post by Coin Bureau on X, Bloomberg analysts now place the chances of a spot Cardano (ADA) ETF approval at 90% by 2025, a development that could open the floodgates for institutional investment into ADA.

Bloomberg Analysts Raise the Stakes

“Eric Balchunas & I are raising our odds for the vast majority of the spot crypto ETF filings to 90% or higher. Engagement from the SEC is a very positive sign in our opinion.”

The analysts specifically listed Cardano, XRP, and Dogecoin among the altcoins most likely to receive approval for spot ETFs by late 2025. Other tokens such as Polkadot, Avalanche, and Hedera were also projected to fall within that high-likelihood category. Meanwhile, Bloomberg gave Solana, Litecoin, and XRP an even more confident 95% approval estimate.

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This surge in optimism reflects a growing openness at the U.S. Securities and Exchange Commission (SEC) toward broader crypto investment vehicles beyond Bitcoin and Ethereum.

Why Sentiment Is Shifting

Several key developments have fueled the changing outlook. First, the SEC’s increased engagement with ETF applicants has been interpreted as a strong sign of progress. For instance, the Commission recently requested revisions to Solana ETF proposals, an indication that these filings are being actively processed rather than dismissed.

Second, the appointment of Paul Atkins as SEC Chair earlier this year has stirred hope across the industry. Known for his more crypto-friendly stance, Atkins is expected to guide the Commission through a more constructive and transparent review process for spot ETF applications.

Market Confidence Grows

Investor sentiment appears to be catching up with the analysts’ optimism. On prediction markets such as Polymarket, the probability of a Cardano ETF being approved by 2025 has risen to nearly 80%, up from much lower expectations earlier in the year. While still below Bloomberg’s 90% estimate, this rising confidence reflects growing belief in ADA’s legitimacy as a mainstream investment asset.

What an ADA ETF Could Mean

If approved, a spot Cardano ETF could dramatically alter the token’s investment landscape. ETFs provide a regulated, accessible way for institutional investors to gain exposure without needing to hold the asset directly. That could lead to a significant influx of capital, improved liquidity, and stronger long-term stability for ADA.

More broadly, the approval of a Cardano ETF would validate the project’s position within the upper tier of crypto assets. It would also mark a milestone in its ongoing mission to deliver scalable, decentralized solutions with real-world utility.

A New Chapter for Cardano

With Bloomberg’s analysts now projecting a 90% chance of SEC approval, Cardano appears poised for a transformative leap. If a spot ETF becomes reality in 2025, it could signal not just a win for ADA holders but a turning point for the altcoin ETF era at large.

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