ProShares has just filed for registration of the ProShares CoinDesk Crypto 20 ETF—a significant development signaling increased mainstream institutional interest in digital assets. The CoinDesk Crypto 20 index represents a curated selection of major cryptocurrencies, reflecting the market's quality assets. Within this index composition, Cardano (ADA) holds a notable 3.1% allocation, underscoring its positioning among the leading cryptocurrency projects recognized by institutional frameworks. This ETF filing reflects the ongoing evolution of crypto asset adoption in traditional finance infrastructure.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
18 Likes
Reward
18
7
Repost
Share
Comment
0/400
MetaReckt
· 2h ago
Traditional finance is finally going to officially embrace crypto, and this time it looks serious.
View OriginalReply0
OnChainArchaeologist
· 12h ago
Institutions are entering the market endlessly. Is ADA about to take off again?
View OriginalReply0
ContractTearjerker
· 01-12 13:49
Traditional finance is finally taking us seriously, and ProShares' move is quite aggressive.
That 3.1% weight of ADA may not seem like much, but being included in institutional portfolios says a lot.
View OriginalReply0
NotSatoshi
· 01-11 23:59
ProShares is at it again, this time directly including Crypto 20 in the ETF, with ADA accounting for 3.1%, which is pretty good.
View OriginalReply0
HodlVeteran
· 01-11 23:53
Another signal of institutional entry, bro, I'm already used to this routine. During the 2018 cycle, I saw the big commissions harvesting the leeks, now they're just doing the same thing with an ETF wrapper? ADA accounts for 3.1%, it looks tempting but don't go sleepwalking into a all-in, everyone. Holding coins through the winter is the right way.
View OriginalReply0
BearMarketBuyer
· 01-11 23:49
Another new institutional ETF, ProShares, this time includes ADA in the approved coin list at 3.1%. Not bad... institutional entry is indeed accelerating.
View OriginalReply0
LiquidatedTwice
· 01-11 23:41
Traditional finance is embracing crypto, but will this be just another new trick to harvest retail investors...
ProShares has just filed for registration of the ProShares CoinDesk Crypto 20 ETF—a significant development signaling increased mainstream institutional interest in digital assets. The CoinDesk Crypto 20 index represents a curated selection of major cryptocurrencies, reflecting the market's quality assets. Within this index composition, Cardano (ADA) holds a notable 3.1% allocation, underscoring its positioning among the leading cryptocurrency projects recognized by institutional frameworks. This ETF filing reflects the ongoing evolution of crypto asset adoption in traditional finance infrastructure.