Transactions on Cardano Go Up Ahead of the SEC’s Decision Regarding the ADA ETF
TapTools reports that the number of daily transactions with Cardano reached 50,000 in the month of May 2025 for that time period. This occurred at a time when the SEC was about to make a decision on a proposed ADA spot ETF.
The large increase in Cardano’s transaction volume is an indication of investor confidence, with prospects for ETF approval comparable to those of Bitcoin and Ethereum in the past. The possible exchange-traded fund (ETF) might make use of institutional investments.
This is a huge increase from the previous level of roughly 30,000 daily Cardano transactions, which reached over 50,000. A likely approval of an ADA spot ETF by the United States Securities and Exchange Commission is anticipated to take place on May 29, 2025, and this escalation is in line with market expectations. Despite the fact that statistics from teams such as TapTools have highlighted the importance of these transactions, Charles Hoskinson, the powerful creator of Input Output Global and a major force behind Cardano, has not yet made a public remark on this increase.
A noteworthy price increase for Cardano’s ADA, which has seen an 8% gain since the beginning of May, correlates with the boost in activity that has been seen. The hopeful market attitude is reflected in the fact that Polymarket’s projection probabilities for the acceptance of the ETF now stand at 71%.
The high odds that Polymarket has for the approval of the ADA ETF, which are presently at 71% as of May 27, 2025, are a reflection of the rising market expectations for institutional inflows. These expectations are reflected in the company’s high chances.
Recently, Cardano had a transaction volume of $684.6 million, which is indicative of increased participant involvement at the platform. Financial dynamics are being constantly monitored, and it is anticipated that ETF announcements will see movements that are comparable to those seen in Bitcoin and Ethereum.
Investor optimism is bolstered by the possibility of institutional inflows in the event that the ADA ETF is received with approval. There has been an upsurge in demand and participation from institutional investors as a result of previous entrance of Bitcoin and Ethereum into exchange-traded fund markets. In the past, there have been major market repercussions that have occurred after such ETF approvals for top cryptocurrencies. Cardano is in a position to see good results that are comparable to those that have occurred in the past.
Over 5.2 million Cardano wallets have been produced, which indicates constant user growth and greater blockchain participation. Community answers also indicate proactive engagement, since they indicate that the community is actively engaged. The positive perspective of the market continues to promote the development of an upward momentum for Cardano as the decision of the SEC draws closer.
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