Cardano (ADA) ETF Approval Odds Surge to 55% as Midnight Sidechain Tests

Traders have pushed the Cardano ETF approval odds to 55%, reflecting a 45% increase over recent weeks. This surge comes amid rising interest

Traders have pushed the chances of a Cardano ETF to 55%, reflecting a 45% increase over recent weeks. This surge in confidence comes amid heightened interest following the announcement of the Glacier Airdrop and the ongoing testnet phase of the Midnight sidechain.

Traders have pushed the chances of a Cardano ETF to 55%, reflecting a 45% increase over recent weeks. This surge in confidence comes amid heightened interest following the announcement of the Glacier Airdrop and the ongoing testnet phase of the Midnight sidechain.

As the year progresses and regulatory and institutional sentiment around altcoins continues to warm, it seems that Cardano ETF approval is a possibility that traders are increasingly placing their bets on.

As the year progresses and regulatory and institutional sentiment around altcoins continues to warm, it seems that Cardano ETF approval is a possibility that traders are increasingly placing their bets on.

The Cardano ETF Is Being Traded On Polymarket

The Cardano ETF Is Being Traded On Polymarket

The Cardano ETF markets on Polymarket have seen a recent influx of attention, with “Yes” shares now trading at $0.68. This price movement signals a shift in expectations towards approval, especially considering that no official ETF application for Cardano has been submitted yet.

The Cardano ETF markets on Polymarket have seen a recent influx of attention, with “Yes” shares now trading at $0.68. This price movement signals a shift in expectations towards approval, especially considering that no official ETF application for Cardano has been submitted yet.

However, the increasing interest from institutions and the more positive tone from regulators may be contributing to the change in sentiment.

However, the increasing interest from institutions and the more positive tone from regulators may be contributing to the change in sentiment.

While Bitcoin and Ethereum ETFs have been the primary focus, attention is now turning towards other altcoins, with Cardano being a main subject of speculation.

While Bitcoin and Ethereum ETFs have been the primary focus, attention is now turning towards other altcoins, with Cardano being a main subject of speculation.

This shift in focus may be due to the consistent development updates from the Cardano team and the growing adoption of the Cardano ecosystem throughout the year.

This shift in focus may be due to the consistent development updates from the Cardano team and the growing adoption of the Cardano ecosystem throughout the year.

At events like Consensus 2025, Cardano developers presented new use cases and technical improvements, showcasing the project’s potential in decentralized finance.

At events like Consensus 2025, Cardano developers presented new use cases and technical improvements, showcasing the project’s potential in decentralized finance.

These updates and announcements continue to shape the perception of Cardano among traders and investors, ultimately fueling the speculative movement in the ETF prediction markets.

These updates and announcements continue to shape the perception of Cardano among traders and investors, ultimately fueling the speculative movement in the ETF prediction markets.

Midnight Is Being Developed With Cross-Chain Cooperation In Mind

Midnight Is Being Developed With Cross-Chain Cooperation In Mind

During Consensus 2025, Charles Hoskinson announced the full rollout plan for the Glacier Airdrop, bringing Cardano back into the spotlight.

During Consensus 2025, Charles Hoskinson announced the full rollout plan for the Glacier Airdrop, bringing Cardano back into the spotlight.

The announcement of the Glacier Airdrop, which will be supporting the Midnight sidechain, aims to enhance privacy and governance through the NIGHT and DUST tokens. These tokens will be distributed across over 37 million wallets on eight blockchains.

Hoskinson confirmed that venture capital funds will not receive any allocation from the Glacier Airdrop. The tokens will be user-controlled, with recipients free to hold, sell, or ignore them. This model stands in stark contrast to traditional token launches and may influence regulatory perception.

Hoskinson confirmed that venture capital funds will not receive any allocation from the Glacier Airdrop. The tokens will be user-controlled, with recipients free to hold, sell, or ignore them. This model stands in stark contrast to traditional token launches and may influence regulatory perception.

The architecture of Midnight promotes cross-chain cooperation, with developers paying network fees in native tokens. Supported tokens include ETH, SOL, BTC, and ADA, providing utility across chains. This system enables validators from different ecosystems to secure Midnight and earn rewards.

The architecture of Midnight promotes cross-chain cooperation, with developers paying network fees in native tokens. Supported tokens include ETH, SOL, BTC, and ADA, providing utility across chains. This system enables validators from different ecosystems to secure Midnight and earn rewards.

The testnet phase of Midnight is currently ongoing, with the mainnet launch planned for later this year. It is designed as neutral infrastructure, aiming to reduce fragmentation across blockchains.

The testnet phase of Midnight is currently ongoing, with the mainnet launch planned for later this year. It is designed as neutral infrastructure, aiming to reduce fragmentation across blockchains.

Supporting multi-chain validation and cooperative token use strengthens the broader Cardano ecosystem, an aspect that may appeal to regulators interested in projects with transparency, decentralization, and user-first models.

Supporting multi-chain validation and cooperative token use strengthens the broader Cardano ecosystem, an aspect that may appeal to regulators interested in projects with transparency, decentralization, and user-first models.

This technical and operational clarity, as well as the project's alignment with regulatory frameworks, might make Cardano a more favorable subject for approval when compared to other exchange-traded products.