According to prediction market Polymarket, the chances of a Cardano ETF being approved in 2025 have climbed to 55% Traders have pushed “Yes” shares up to $0.68, signaling rising confidence in the altcoin’s potential path to becoming an exchange-traded product.
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Source: PolymarketThe current odds of approval represent a 45% increase over recent weeks. While no formal Cardano ETF application has been filed, analysts point to growing institutional interest and improved regulatory sentiment around 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.
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Speaking at the event, Cardano founder Charles Hoskinson revealed full details of the long-awaited Glacier Airdrop, tied to the upcoming Midnight sidechain.
Midnight will issue two tokens which are NIGHT for governance and DUST for privacy-based transactions. These tokens will be issued to over 37 million wallets across eight blockchains. Hoskinson emphasized that venture capitalists will receive nothing and he went on to call the typical token launches “Ponzinomics.”
“Get the hell out,” he said, recalling how he turned down VC offers.
He said the tokens will be unrestrictive: users can keep, sell, or ignore them. “It’s your property,” he told the audience.
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Midnight is currently in testnet and is expected to go live by the end of 2025. Its architecture is built for cooperative economics which helps developers to pay fees in their native tokens. These tokens such as, ETH, SOL, BTC, or ADA allow validators from any chain to earn rewards by helping secure the network.
Charles Hoskinson said Midnight was designed to “end tribalism” in crypto and serve as infrastructure, not competition, for existing ecosystems. Analysts suggest this neutral design and user-first tokenomics may strengthen Cardano ETF viability in the eyes of regulators.
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.
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