Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»ALTCOIN NEWS»Next Cardano ETF? Founder Charles Hoskinson sparks controversy
ALTCOIN NEWS

Next Cardano ETF? Founder Charles Hoskinson sparks controversy

By Crypto FlexsJuly 25, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Next Cardano ETF? Founder Charles Hoskinson sparks controversy
Share
Facebook Twitter LinkedIn Pinterest Email
  • Speculation about a Cardano ETF has generated mixed reactions, with ADA’s price dropping 5%.
  • Past data and the upcoming Windows hard fork give rise to optimism about ADA’s future prospects.

Just two days after the Ethereum (ETH) ETF was approved for trading, the Cardano (ADA) ETF is gaining increasing attention.

Is a Cardano ETF Next?

This excitement was fueled by a recent post on X by Tap Tools, a platform for tracking tokens, NFTs, and wallets on the Cardano blockchain.

The post raised a provocative question, sparking speculation and discussion within the cryptocurrency community about the potential implications for ADA in light of recent regulatory developments. It asked:

“Is the $ADA ETF next?”

Hoskinson’s response

Cardano founder Charles Hoskinson responded with a GIF featuring superheroes, captioned:

“Okay. I’ll do it myself.”

Hoskinson’s direct involvement in this conversation only fueled further speculation within the ADA community.

Contrary to expectations of widespread excitement, some were disappointed. Emphasizing this sentiment, an X user with the handle Batman said:

“We don’t want a Cardano ETF.”

Impact on ADA Price

According to CoinMarketCap, the price of ADA did not react positively to the news either, falling more than 5% in the last 24 hours.

This trend is further confirmed by the Relative Strength Index (RSI), which remains below the neutral threshold of 44, indicating bearish sentiment.

ADA- TradingView

Source: TradingView

Additionally, the converging Bollinger Bands suggest that volatility has decreased, indicating that the current downtrend may continue.

However, AMBCrypto’s analysis of IntoTheBlock data shows that the ADA market is fairly balanced, with no clear bull or bear dominance.

ADA- Bulls and BearsADA- Bulls and Bears

Source: IntoTheBlock

Will the Windows Hard Fork Update Cause Price Fluctuations?

Amid recent events, there is growing anticipation for the upcoming Chang hard fork, which is expected to drive up the value of ADA.

Historical data further supports this optimism: during the previous Alonzo hard fork in August 2021, ADA surged 130% from $1.35 to $3.10.

The community now expects similar returns to come with the Chang upgrade and the potential introduction of the ADA ETF.

Speaking of which, Ripple CEO Brad Garlinghouse already predicted a Cardano ETF when he said:

“I think it’s just a matter of time, there’s bound to be an XRP ETF, there’s bound to be a Solana ETF, there’s bound to be a Cardano ETF. That’s a really good thing.”

Next: Is Bitcoin a Strategic Reserve for the US? How Will This Affect the BTC Market?

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

The market will select US regulatory stable coins more than CBDCS every day of CBDCS every day.

July 3, 2025

SEI tokens have soared more than 100% in June -the highest catalyst explained.

June 26, 2025

$ 438m XRP Transfer Sparks Panic- Ripple?

June 19, 2025
Add A Comment

Comments are closed.

Recent Posts

Valhalla Goes Today: FLOKI has been developed for 3 years and debuts the play MMORPG.

July 4, 2025

The Open Platform Is First Unicorn In Web3 Ecosystem In Telegram At $1bn Valuation

July 3, 2025

The mindset of Retail Investors

July 3, 2025

Cooking.City Bringing Back Value Redistribution To Solana Fair Launches

July 3, 2025

XRP rebounds are interested in APT miners cloud mining.

July 3, 2025

The market will select US regulatory stable coins more than CBDCS every day of CBDCS every day.

July 3, 2025

Best Crypto PR Agency Packages : What to Look For & Where to Start

July 3, 2025

Looking for an Affordable Crypto PR Agency? Here’s What to Know Before You Spend

July 3, 2025

Crypto PR Packages for Startups: What You Need & How to Choose the Right One

July 3, 2025

Cheap Crypto Press Release: How to Promote Your Project Without Overpaying

July 2, 2025

The Ultimate Guide to Crypto Public Relations Packages

July 2, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Valhalla Goes Today: FLOKI has been developed for 3 years and debuts the play MMORPG.

July 4, 2025

The Open Platform Is First Unicorn In Web3 Ecosystem In Telegram At $1bn Valuation

July 3, 2025

The mindset of Retail Investors

July 3, 2025
Most Popular

GSR Markets Grants ‘Main Payment Institution’ License in Singapore

April 4, 2024

Mastercard Expands Blockchain Accelerator Program with Five New Startups

May 15, 2024

The Daily: Ethereum Foundation Financial Report, Japan’s Big Bank’s Stablecoin Pilot, Spot Bitcoin ETFs Continue to Outflow, and More

September 6, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.