Cardano (ADA) has officially entered a new era of institutional legitimacy, reaching a milestone that has left even the most seasoned market observers astonished. Bloomberg’s senior ETF analysts have significantly revised their outlook for a spot Cardano ETF, citing an unprecedented level of regulatory engagement that suggests a breakthrough is imminent.
<h2>The 90% Approval Surge</h2>
[embed]https://twitter.com/JSeyff/status/2001348726678585770[/embed]

The headline-grabbing development comes as Bloomberg analysts Eric Balchunas and James Seyffart raised their approval probabilities for the next wave of spot cryptocurrency ETFs to an overwhelming 90%. This sudden leap in confidence follows a series of constructive dialogues between the SEC and major issuers like Grayscale.

Reflecting on this dramatic shift in the regulatory landscape, the analysts shared a bold update: "New: Eric and I raise our odds for the vast majority of spot cryptocurrency ETF applications to 90% or higher." Balchunas noted that the SEC's transition from a defensive stance to active engagement is a highly positive signal that few anticipated would happen this rapidly.
<h2>Regulatory Clarity for ADA</h2>
A key factor driving this milestone is the growing consensus that the SEC views <a href="https://www.cryptoknowmics.com/news/cardano-founder-charles-hoskinson-lauds-midnight-launch-of-project-midnight/">Cardano</a> (ADA) as a commodity rather than a security. This distinction is critical, as it clears the path for regulated investment products to launch without the legal hurdles that have previously plagued the industry. The milestone isn’t just about the odds; it’s about the underlying structural shift that allows ADA to be treated as a mainstream financial asset.
<h2>What This Means for ADA Holders</h2>
For the Cardano community, this development represents more than just a potential price catalyst. An approved ETF would open the floodgates for billions of dollars in institutional capital, providing much-needed liquidity and market stability. As the market eyes the end of the fourth quarter for a final decision, the 90% approval odds stand as a testament to Cardano's resilience and its evolving status in the global financial ecosystem.

Cardano Stuns Bloomberg Expert with 90% ETF Approval Odds Milestone

Bloomberg's Eric Balchunas is stunned as Cardano (ADA) spot ETF approval odds hit 90%, signaling a massive crypto shift.

Cardano Stuns Bloomberg Expert with 90% ETF Approval Odds Milestone

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