The chances of a Cardano ETF being approved in 2025 have risen to 55%, according to Polymarket. This surge follows renewed interest driven by the upcoming Midnight sidechain airdrop. Traders are growing more confident in Cardano’s potential to become an exchange-traded product. The price of ADA has also reacted to the positive sentiment, trading above key levels.

Cardano ETF Approval Bets Surge to 55%

Based on Polymarket information, about half of cardholders believe there is a 55% chance for an ETF to be approved next year. Currently, shares on the prediction platform can be bought at $0.68. The new figure is 45% more than those published earlier.

A Cardano ETF filing has not been made yet. According to analysts, the odds of going up are due to regulations and institutions taking more notice of altcoins. Since the announcements at Consensus 2025, the chart has steadily gone up.

Midnight Airdrop Triggers Interest in Cardano ETF

At the Consensus event, Cardano founder Charles Hoskinson detailed the upcoming Midnight sidechain and the Glacier Airdrop. This development will issue NIGHT and DUST tokens to over 37 million wallets across eight blockchains. These tokens are intended for governance and privacy-focused transactions.

Hoskinson confirmed that venture capitalists will not receive tokens. “Get the hell out,” he said, referring to VC interest. He emphasized that token holders can sell, keep, or ignore the tokens, calling it user property. The airdrop is seen as a driver of renewed attention toward Cardano’s ecosystem.

ADA Price Reacts as Midnight Boosts Cardano Utility

Midnight is currently in testnet and is expected to launch by late 2025. It supports multi-chain token payments, allowing developers to pay in ETH, SOL, BTC, or ADA. Validators from other chains can earn rewards for securing the Midnight network.

Hoskinson described Midnight as infrastructure designed to reduce tribalism in crypto. Analysts believe this user-first and cross-chain model may make Cardano more appealing to regulators. ADA is now trading at $0.78, just above a key resistance zone. Analysts are monitoring whether it can break $0.80 to confirm further gains.