XRP News Today: Institutional Odds Shift as Cardano’s ETF Hopes Hit 87%

Interest in Cardano (ADA) is rising as the altcoin ETF landscape becomes increasingly competitive, with Grayscale filing an updated S-1 with the SEC for its proposed Cardano ETF [1]. The anticipated approval of the Grayscale Cardano Trust ETF (GADA) has pushed Cardano’s approval odds on prediction market Polymarket to 87%, a jump from 63–75% [2]. This development highlights Cardano’s growing appeal among investors who are seeking exposure to altcoins with potentially higher returns. The proposed fund would trade on NYSE Arca and hold ADA directly, with Coinbase Custody managing the security of the assets [2]. Analysts suggest that an approval could lead to significant price appreciation for ADA, potentially pushing its value well above $1.00 if institutional inflows materialize [2].

The surge in altcoin ETF applications, now numbering 92 in total, reflects a broader market trend toward diversification and institutional adoption of digital assets [1]. Grayscale, alongside other major players like Bitwise and 21Shares, is aggressively pursuing approvals for XRP, Solana, and other altcoins, with predictions of substantial inflows should these ETFs be launched [2]. However, not all institutional players are moving forward with similar speed. BlackRock, the world’s largest asset manager, has chosen not to file for a U.S. spot XRP ETF in 2025, despite the SEC’s recent reclassification of XRP as a digital commodity [2]. The firm’s decision underscores a cautious approach to altcoin investments, with the firm citing limited institutional demand for smaller tokens compared to Bitcoin and Ethereum.

The competitive environment around altcoin ETFs has also brought attention to projects like MAGACOIN FINANCE, an Ethereum-based cryptocurrency that is generating strong early-stage interest through consecutive presale sellouts [3]. The project’s scarcity-driven tokenomics and cultural branding are attracting investors looking for high-potential altcoins that could deliver exponential returns [3]. This trend reflects a broader pattern of investor rotation into smaller projects with sharper upside potential, particularly as larger networks like Cardano and XRP struggle to deliver rapid percentage gains [4].

Despite the growing interest in altcoins, Cardano’s recent exclusion from the U.S. Department of Commerce’s blockchain data initiative has raised concerns about its adoption and integration [5]. The program, which involves the distribution of official economic data on-chain via oracles like Chainlink and Pyth, includes major blockchains like Bitcoin, Ethereum, and Solana but omits Cardano [5]. According to Cardano founder Charles Hoskinson, the exclusion was due to Chainlink’s “absurdly high” integration costs [6]. While Hoskinson emphasized that discussions with Chainlink remain ongoing, the high fees made Cardano’s inclusion in the program impractical [6]. This situation highlights the challenges Cardano faces in competing with EVM-compatible blockchains for institutional partnerships, as the network's unique architecture requires additional development efforts.

Despite this setback, Cardano continues to make progress in other areas. The network has maintained a five-year record of zero downtime, a significant achievement that positions it as a reliable platform for blockchain applications [6]. Additionally, Hoskinson has outlined potential partnerships with projects like Aave and the USD1 stablecoin, which could help expand Cardano’s utility and attract more developers and users [6]. These developments underscore the network’s ongoing efforts to enhance its ecosystem and remain competitive in a rapidly evolving market. As the altcoin ETF landscape continues to evolve, Cardano’s ability to adapt to regulatory and market dynamics will be critical to its long-term success.

Source:

[1] title1 (https://finance.yahoo.com/news/grayscale-submits-polkadot-cardano-etf-140711224.html)

[2] title2 (https://bitcoinist.com/blackrock-holds-xrp-as-etf-rumors-heat-up-cardano/)

[3] title3 (https://www.morningstar.com/news/globe-newswire/9523688/cardanos-steady-growth-underscores-investor-rotation-as-magacoin-finance-presale-momentum-accelerates)

[4] title4 (https://www.morningstar.com/news/globe-newswire/9523758/xrp-market-signals-broader-altcoin-momentum-as-magacoin-finance-gains-early-stage-traction)

[5] title5 (https://coindoo.com/cardano-excluded-from-u-s-blockchain-data-program-what-it-signals-for-adas-future/)

[6] title6 (https://en.bitcoinsistemi.com/why-cardano-ada-wasnt-included-in-the-us-data-schedule-charles-hoskinson-explains-points-to-this-altcoin-as-the-reason/)