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The crypto market is boiling. Bitcoin is smashing records, Ether is approaching its highest level in 4 years, and Cardano (ADA) is racking up achievements. ADA climbs, propelled by speculation around a future Cardano ETF launched by Grayscale. If this materializes, it would be a boon for institutional adoption and a chance to see ADA soar to unexpected heights. The time has come to look at this phenomenon.
In Brief
- Cardano surged 17%, boosted by speculation around a Grayscale ETF.
- Grayscale registered the ‘Cardano Trust ETF’, a step toward institutional adoption.
- Open interest on ADA jumped 26%, proving growing interest in crypto.
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