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The crypto market has turned into an ETF battleground in recent months. From Solana and XRP to HBAR and even Dogecoin, traditional finance has poured billions into newly launched crypto investment products. Yet one large community has been waiting patiently for its turn: Cardano holders. While competitors have already hit U.S. exchanges, an ADA ETF still hasn’t gone live — until now, there may finally be a timeline.
In a recent interview with Thinking Crypto, Frederik Gregaard, CEO of the Cardano Foundation, revealed that the long-awaited ADA product could be closer than many expect. He explained that while the media keeps calling them ETFs, most of the applications filed so far are technically ETPs, products structured like ETFs but backed fully by ADA and traded on regulated markets.
He confirmed that several major asset managers have applied for ADA listings and said the industry should have “clarity within a month” once U.S. regulators return to normal operations.
Europe and Asia Are Already Ahead
While the U.S. process drags on, Gregaard reminded viewers that Europe and parts of Asia already host multiple regulated ADA ETPs. These products give institutions exposure to ADA without holding the asset themselves.
The demand, he said, has been steady and growing, adding more pressure on U.S. regulators to push Cardano forward just as they’ve done with other altcoins.
Cardano Summit And More
The CEO also turned attention to Cardano’s rapidly expanding ecosystem ahead of the flagship Cardano Summit in Berlin. This year’s event is expected to attract 800 to 900 attendees, including major companies such as Volvo Cars, Johnson & Johnson, Boston Consulting Group, and other global players exploring blockchain for real-world use cases.
What stands out, Gregaard said, is that Cardano is being adopted in areas far beyond speculation. The foundation recently revealed that more than 100 German companies are already using agentic AI solutions built on Cardano’s infrastructure.