Cardano Foundation CEO Says ADA ETFs Could Gain Approval Within Weeks

TLDR

• The CEO of the Cardano Foundation said ADA ETFs could gain U.S. regulatory clarity within the next month.
• Several major asset managers have already filed applications to launch ADA-based investment products in the United States.
• While often called ETFs, most current filings are technically ETPs fully backed by ADA and traded on regulated exchanges.
• ADA ETPs are already available in Europe and parts of Asia, allowing institutional exposure without direct asset ownership.
• Growing global demand is putting pressure on U.S. regulators to approve ADA ETFs as they have for other cryptocurrencies.

Frederik Gregaard, CEO of the Cardano Foundation, confirmed that ADA ETFs could receive regulatory clarity within weeks. He stated that several asset managers have already filed applications for ADA investment products with U.S. regulators. While these are often called ETFs, they are technically ETPs, backed by ADA and traded on regulated exchanges.

ADA ETFs May Soon Enter U.S. Markets

Gregaard shared in a Thinking Crypto interview that multiple ADA ETP filings are currently under regulatory review. He emphasized that media mislabels them as ETFs, but these products are structured ETPs with full ADA backing.

He said the U.S. process is ongoing, but progress depends on regulatory bodies resuming normal operations. Once that happens, clarity around ADA ETFs could arrive within 30 days, he confirmed. This marks the first clear timeline from the Cardano Foundation.

While the U.S. approval remains pending, Gregaard confirmed asset managers are actively involved. He said that demand for ADA ETFs continues to increase among traditional finance institutions. He stressed that growing interest is accelerating discussions with regulators.

Global ADA ETPs Already Serve Institutions

While U.S. markets wait, ADA ETPs are already live in Europe and Asia. Gregaard confirmed that institutions in those regions are using regulated products to gain exposure to ADA. These products let firms avoid directly holding the digital asset.

He said the adoption outside the U.S. demonstrates clear interest in Cardano-based investment vehicles. “Europe and Asia have already embraced ADA ETPs,” Gregaard said. He added that this creates more pressure for U.S. regulators to respond.

He noted that ADA ETFs give institutions a compliant path to access the blockchain ecosystem. Gregaard pointed out that market interest aligns with broader Cardano ecosystem growth. This expansion increases urgency for U.S. approval.

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