Well, well, well! According to the delightful folks at CoinGlass, Cardano has decided to take a little jaunt with a whopping $49.95 million worth of its sparkling ADA tokens-yes, that’s right, a staggering 132,406,417 ADA! One could say it’s quite the “ADAventure!” 🚀
Now here’s the twist: in the last 24 hours, our dear Cardano has seen more money float out than flow in! Outflows are up to $49.95 million, while inflows are only $47.32 million. A cheeky little signal that even as the crypto market is throwing a tantrum, Cardano looks like it’s ready for some fun! 🎉
But what does this all mean, you ask? Well, those sneaky spot outflows might just mean people are buying up ADA like it’s the hottest candy at a fair, or they’re shoving it into their cold wallets-perhaps for a cozy winter hibernation? No immediate selling here, folks! Just good ol’ holding for the long haul. 🥳
As of the latest gossip, ADA has taken a slight dip of 2.21%, resting at $0.376. That’s what happens when investors start scratching their heads over some newly released inflation data. Not exactly the fairy tale ending we were hoping for, but hey, the plot thickens! 📉
Cardano: The Star of the ETP Show!
In a rather surprising twist, Bloomberg’s very own ETF wizard James Seyffart has declared that Cardano is a standout character in the land of ETPs! Among six crypto index ETPs, including fancy names like CoinShares Altcoins ETF and Bitwise 10 Crypto Index Fund, guess who waltzed in? That’s right, our beloved Cardano! 💃
Seyffart scratched his head in disbelief as he reviewed these crypto ETPs for his crystal ball forecast for 2026. “Notable and surprising to me,” he mused, “the only asset that made its way into all 6 of the products I looked at was Cardano (ADA).” Well, slap my knee and call me surprised! 🎩
Will We See a Cardano ETF in 2026?
Though Cardano has danced its way into most crypto index funds, it doesn’t have its own U.S. spot ETF yet. But hold onto your hats! If the fortune-telling from asset manager Bitwise comes true, we might just see a spectacular explosion of over 100 crypto-linked ETFs in the U.S. by 2026! 🎆
Bitwise points to the SEC’s new listing guidelines from October, which make launching crypto ETFs as easy as pie under a general set of rules. With a clearer regulatory roadmap, 2026 could be the year of the “ETF-palooza!” Can you hear the crowd cheering? 📣
James Seyffart predicts that crypto index ETPs will be the golden geese, bringing in assets like candy on Halloween-lots of shapes, lots of sizes! 🍬
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2025-12-18 19:28