Cardano ADA Gains Institutional Momentum as Grayscale Files for Trust ETFs
In a significant development for the cryptocurrency market, Grayscale Investments has taken steps to expand its product offerings beyond Bitcoin and Ethereum by registering Cardano (ADA) and Hedera (HBAR) Trust ETFs in Delaware. The August 12, 2025 filing, while still pending regulatory approval, marks a strategic move to meet growing institutional demand for diversified exposure to alternative layer-1 protocols. This development underscores increasing confidence in Cardano's peer-reviewed blockchain approach and Hedera's enterprise-focused hashgraph technology, potentially paving the way for broader adoption and price appreciation of these digital assets in the institutional investment space.
Grayscale Registers Cardano and Hedera ETFs
Grayscale has filed to establish Cardano and Hedera Trust ETFs in Delaware, signaling a strategic expansion beyond Bitcoin and Ethereum. The August 12, 2025 registration precedes regulatory approval but underscores institutional demand for diversified crypto exposure.
The MOVE reflects growing confidence in alternative layer-1 protocols. Cardano's peer-reviewed approach and Hedera's enterprise-focused hashgraph technology now join Grayscale's product pipeline, potentially unlocking new capital inflows.
Cardano Price Targets 130% Gains Amid ETF Buzz and Holder Confidence
Cardano's price surge continues as technical indicators and market sentiment align for a potential breakout. The asset now trades at $0.8764, testing key resistance levels that could trigger a mid-term rally toward $1.50-$2.
Grayscale's ETF filing for ADA and HBAR has injected fresh Optimism into the market, contributing to a 14% intraday spike. Analysts highlight bullish signals across MACD, RSI, and CMF indicators, with traders watching for a confirmed breakout above July's peak.
Cardano Retreats to $0.78 Amid Profit-Taking, Long-Term Outlook Remains Strong
Cardano (ADA) slid 5.28% to $0.78 as traders cashed in gains following last week's breakout above $0.80. The pullback comes after a 19% surge on August 9 that shattered key resistance levels, marking ADA's strongest performance in weeks.
Market dynamics suggest technical profit-taking rather than fundamental weakness. The rally was fueled by bullish momentum, including a 6% gain on August 8 and sustained buying pressure. Network fundamentals strengthened with the August 6 approval of a $71 million treasury allocation for Core upgrades—equivalent to 96 million ADA.
Analysts remain optimistic about Cardano's trajectory. crypto analyst Ali Martinez draws parallels to ADA's 2020-2021 structure, suggesting a potential $5 target in future market cycles. Technical indicators currently show mixed signals as the market digests recent moves.
Cardano Price Prediction: Bullish Momentum Builds as ADA Holds Key Support
Cardano (ADA) is demonstrating resilience at the $0.70 support level, a zone that has historically catalyzed rebounds since mid-2023. The price aligns with the 0.236 Fibonacci retracement at $0.704, a technical anchor reinforcing trader confidence.
Market dynamics suggest accumulation is underway. Open interest in ADA derivatives has surged to $1.44 billion, marking its highest level in months. The Relative Strength Index (RSI) at 54.58 leaves ample room for upward movement before overbought conditions emerge.
Technical indicators paint a constructive picture. MACD shows bullish momentum with its signal line above zero and positive histogram bars. Bollinger Band compression NEAR the upper limit hints at impending volatility—typically a precursor to decisive price action.
