Cardano (ADA) ETF Approval Odds Rise to 55%

According to prediction market Polymarket, the chances of a Cardano ETF being approved in 2025 have climbed to 55%.

The chances of a Cardano ETF being approved in 2025 have climbed to 55%, according to prediction market Polymarket.

Traders have pushed "Yes" shares up to $0.68, indicating optimism towards the altcoin’s potential path to becoming an exchange-traded product.

This probability represents a 45% increase over recent weeks. While no formal Cardano ETF application has been filed yet, analysts highlight growing institutional interest and better regulatory mood for altcoin exposure as key drivers.

Cardano has been slower than Bitcoin and Ethereum in attracting ETF momentum. However, a sharp focus on sustainability, decentralization, and new utility could change that, especially after the network’s latest announcements at Consensus 2025.

At the event, Cardano founder Charles Hoskinson unveiled full details of the long-awaited Glacier Airdrop, tied to the upcoming Midnight sidechain.

Midnight will issue two tokens: NIGHT for governance and DUST for privacy-based transactions. These tokens will be distributed to over 37 million wallets across eight blockchains.

Clocking in at 8:32pm Monday 24th of December 2025

"It's a scam. They're trying to steal your money, and they're going to leave you holding the bag. Get out while you can."

A stark warning to crypto traders as a new year approaches. But fear not, dear reader, for this tale is not one of woe or despair. Instead, it's a tale of hope and opportunity.

A tale of a founder who refused to take VC funding and instead chose to distribute the tokens broadly and fairly to the community.

A founder who is now urging traders to get out while they can. Not because the tokens are worthless, but because they are valuable and he doesn't want to see them used for anything other than their intended purpose.

This is the story of Charles Hoskinson and his latest project, Midnight.

A cross-chain project that is designed to bring together different blockchains and create a more unified crypto ecosystem.

A project that is already generating buzz and speculation, especially regarding its implications for Cardano and the potential approval of a Cardano ETF.

As of now, Cardano (ADA) price is trading at $0.78 and is above a key resistance level. The token has seen modest gains over the past 24 hours because of the positive sentiment around the Cardano ETF. Analysts at Coingape are watching closely to see if ADA can break above the $0.80 mark and signal renewed bullish momentum.

At the Consensus 2025 conference, Charles Hoskinson announced that venture capitalists will not receive any tokens in the upcoming midnight token launch.

Instead, he said that the tokens will be distributed broadly and fairly to the community.

"Get the hell out," he said to the VC's who he claims have been calling him to "get a piece of the action."

"I'm not launching a token to raise money. I'm launching a token to build an ecosystem."

He said that he turned down "stupid amounts of money" from VCs who were interested in investing in the project.

"I'm not interested in making a quick buck. I'm interested in building something lasting."

He added that he went on to call the typical token launches "Ponzinomics."

"They launch a token and then use it to pump up the price and sell at the top. It's a game that's been played out many times before."

But he said that he isn't interested in playing that game.

"I'm launching this token to give it to the community. It's up to you to decide what you want to do with it. You can keep it, you can sell it, you can ignore it. It's your property."

He said that he hopes people will choose to use the tokens to participate in the governance of the network or to transact on it.

"But ultimately, the decision is up to you," he said.

"This isn't about me or my vision. It's about all of us together."

The upcoming midnight token will be used for two purposes:

* NIGHT is the governance token that will allow users to vote on proposals for the future of the network.

* DUST is the privacy token that can be used for private and atomic cross-chain transactions.

Both tokens will be distributed to over 37 million wallets across eight blockchains.

The tokens will be allocated