Bloomberg analysts have increased the probability of Cardano's (ADA) ETF approval to 75% as of June 11, 2025. This update reflects growing optimism among institutional and retail investors regarding regulatory acceptance and potential market momentum for Cardano.
The upgraded odds mainly stem from Grayscale's proposed ADA ETF filing and the Securities and Exchange Commission’s (SEC) likely classification of ADA as a commodity rather than a security. Such regulatory clarity enhances institutional sentiment and investment interest.
Market reactions have already been noticeable, with Cardano's price surging past the $0.7 mark, driven by anticipation of ETF approval. Analysts Eric Balchunas and James Seyffart emphasize that approvals of similar ETFs for Bitcoin and Ethereum have historically led to substantial price rallies, suggesting Cardano could follow this pattern.
Additional infrastructural improvements proposed by Input Output (IO) target network stability, scalability, and reduced costs, further strengthening Cardano’s ecosystem. Meanwhile, Kraken OTC introducing ADA options trading signals increased market liquidity and trading activity.
With Bloomberg predicting a 75% chance of approval, Cardano is positioned as a leading contender for the upcoming wave of crypto ETF launches in the United States, potentially triggering a bullish summer for altcoin ETFs.