<ul><li>Grayscale, the world's largest digital asset manager, is increasing its exposure to Cardano (ADA) amid institutional adoption.</li><li>Cardano now comprises 20% of Grayscale's Smart Contract Platform Ex-Ethereum Fund, making it the second-largest asset in the fund.</li><li>Hashdex has also added Cardano to its Nasdaq Crypto ETF, allowing institutional investors to invest in the asset.</li><li>Speculation remains on whether a Cardano spot ETF will be approved, with only 25% of traders on Polymarket believing it will receive approval in 2025.</li></ul>

Cardano Gains Momentum as Grayscale Bets Big on ADA Amid Institutional Adoption

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