Cardano (ADA) has emerged as a significant player in the cryptocurrency market, now featured in all six major crypto index exchange-traded products (ETPs) tracked by Bloomberg analyst James Seyffart. These ETPs include DIME, BITW, GDLC, NCIQ, TTOP, and TXBC, with Cardano's weighting varying from 0.6% to 10% across the funds.
Despite its broad inclusion in these institutional products, a standalone ADA ETF is still awaiting approval from the U.S. Securities and Exchange Commission (SEC). The growing presence of Cardano in these ETPs underscores its increasing acceptance and potential among institutional investors.
Cardano Gains Prominence in Major Crypto Index ETPs
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