As more and more speakers discuss the prospects of spot ETFs on altcoins in the US, popular Cardano (ADA) blogger, who goes by @cardano_whale on X, shared an optimistic thread for institutional investors .
As more and more speakers discuss the prospects of spot ETFs on altcoins in the US, popular Cardano (ADA) blogger, who goes by @cardano_whale on X, shared an optimistic thread for institutional investors .
“Exposure to Cardano is a worthwhile idea,” ADA enthusiast tells TradFi
As a new wave of institutional and TradFi money will be pumped into cryptocurrencies with the approval of ETFs, Cardano (ADA) remains a “worthwhile idea,” says @cardano_whale, community enthusiast and author of Latest On Cardano, in a recent post.
In a thread shared with his 143,300 followers on X, he explained what is special about Cardano (ADA) from an investors’ point of view. First of all, he says, Cardano (ADA) is a lightweight, stable, peer-reviewed protocol with six years of uptime. Cardano’s (ADA) approach to network consensus and technology design merges the benefits of UTXO and PoS and solves the blockchain trilemma in an eccentric way.
Unlike “venture capital chains” that are vulnerable to manipulations by early investors and heavyweight market makers, ADA’s distribution remains inclusive and transparent: the founding entities only control about 10% of the supply of ADA.
So, Cardano’s (ADA) staking design is the most decentralized, while the large number of validator nodes makes the network resistant to hypothetical 51% attacks.
Additionally, Cardano (ADA) implemented a number of scalability and functionality innovations, making it a fast-growing, feature-rich blockchain for various types of dApps.
XRP, ADA, ETH ETF: What’s next?
On top of that, Cardano (ADA) supports multiple programming languages for unmatched ease of use for developers. In recent months, it added hundreds of native tokens and DeFi applications.
Combined with the scarcity of programmable ADA, this makes the Cardano (ADA) ecosystem a large dApp ecosystem with strong organic growth, the author concludes.
As Bitcoin ETFs are approved in the US, the cryptocurrency community began discussing the potential of altcoin-based exchange-traded products.
As Guru-Investingreported, Valkyrie co-founder Steve McClurg said he wouldn’t be surprised by the approval of ETFs on Ethereum (ETH) and XRP.
At the time of publication, Cardano (ADA) backs the Swiss-registered 21Shares Cardano ETF and is part of a portfolio of OTC-traded Grayscale Digital Large Cap Fund (GDLC) and Bitwise Investments’ “Bitwise 10 Crypto Index Fund” (BITW). .
