What do you think about Grayscale's Cardano ETF? From a fundamental perspective, there is a high probability of it being approved.
Cardano has achieved complete decentralized governance (on-chain voting) and is one of the few U.S. projects with real technical application potential, meeting the basic criteria.
The uncertainty lies in the administrative agencies' expertise. Overall, my judgment at the beginning of the year that "the altcoin bubble has burst" has been validated by the market. The landscape of public chains is closely related to ETFs.
Let's talk about the market: I made it clear a few months ago that the altcoin bubble burst, and many people don't believe it, but now I recognise the situation, right? Of course, not all coins will fall, but most projects will fall.
So, which projects won't fall? One indicator: ETFs. Projects that are expected to be included in ETFs and approved by the SEC will be the winners after the current round of technology stock bubbles. Major players such as Google, Microsoft, and Amazon will be selected in this list in the future.
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