Growing confidence in Cardano's ETF prospects is driven by increased interest from institutional investors and greater acceptance of cryptocurrency-based financial products.
The probability of Cardano's ETF receiving regulatory approval before 2025 has risen to 55% on Polymarket, a significant increase from previous estimates.
Institutional investors are showing interest in Cardano for potential ETFs, following the positive regulatory environment and the SEC's pro-crypto stance under Chairman Paul Atkins.
The growing confidence in regulatory approval for Cardano's ETF is reflected in trading activity on Polymarket, where investors have bet on the likelihood of approval.