An upbeat thread for institutional investors was published by well-known Cardano (ADA) blogger @cardano_whale on X, as more and more speakers are talking about the potential of spot ETFs on cryptocurrencies in the USD.
“Cardano exposure is worthwhile idea,” ADA enthusiast says to TradFi
Cardano (ADA) is still a “worthwhile idea,” according to community member and author of Latest On Cardano @cardano_whale, in light of the impending infusion of institutional and TradFi capital into the cryptocurrency space following the ETF’s approval.
https://x.com/cardano_whale/status/1746065924564865382?s=20
In a post published with his 143,300 X followers, he outlined the unique features of Cardano (ADA) from the perspective of investors. First of all, he argues, Cardano (ADA) is a peer-reviewed robust and lightweight system with six years of uptime. Cardano’s (ADA) approach to network consensus and tech design mixes the benefits of UTXO and PoS and solves the blockchain trilemma in an unorthodox way.
With founding companies controlling just roughly 10% of the ADA supply, ADA’s distribution stays inclusive and transparent, unlike “VC chains” that are susceptible to manipulation by powerful early investors and market makers.
Then, Cardano’s (ADA) staking scheme is the most decentralised one, and the network is immune to hypothetical 51% assaults due to the large number of validator nodes.
Also, Cardano (ADA) incorporated a lot of scalability and functionality advances, which makes it a fast-growing and feature-rich blockchain for various sorts of dApps.
XRP, ADA, ETH ETFs: What is next?
Besides that, Cardano (ADA) offers various programming languages for unequalled developer-friendliness. It has been onboarding hundreds of native tokens and DeFi applications over the last few months.
The author believes that this, along with programmable ADA scarcity, makes the Cardano (ADA) ecosystem an excellent dApp environment with strong organic growth.
The cryptocurrency community began debating the possibilities for altcoin-based exchange-traded products after Bitcoin ETFs were authorised in the United States.
According to U.Today, Steve McClurg, a co-founder of Valkyrie, expressed that he wouldn’t be shocked if ETFs based on XRP and Ethereum (ETH) were approved.
As of the time of publication, Cardano (ADA) is a component of the OTC-traded Grayscale Digital Large Cap Fund (GDLC) portfolio and supports the 21Shares Cardano ETF, which is registered in Switzerland.
