Bloomberg States a 75% Chance the SEC Will Approve a Cardano ETF as Leios Upgrade Approaches

• Bloomberg states a 75% chance the SEC will approve a Cardano ETF.
• This expectation grows stronger as the Leios Upgrade nears.
• Analysts expect bullish pumps ahead for ADA including a new ATH.

As altseason steps closer, several altcoins gain more attention and expectations for new altcoin ATHs grow stronger by the day. Of the popular altcoin networks, Ripple and Cardano seem to be gaining the most attention. The latter especially, due to the approaching Leios Upgrade launch. Furthermore, Bloomberg states a 75% chance the SEC will approve a Cardano ETF as the Leios Upgrade approaches. 

Bloomberg States 75% Chance of Cardano ETF Approval 

As we head deeper into Q2 of 2025, expectations for more altcoins ETF approvals gain more stronger. To highlight, the pioneer memecoin Dogecoin (DOGE), Ripple’s XRP, and Cardano (ADA) are some of the most anticipated ETF altcoins where approval for ETFs have been filed yet the SEC has not approved any. Despite this, DOGE, XRP, and ADA are showing highly bullish signals that could lead to bullish pumps to new ATH prices soon. 

This bodes well for ETF approval and other bullish news related to the project further boost their chances for an early ETF approval. Presently, all eyes are on Cardano (ADA) as Bloomberg states that there is a 75% chance the SEC will approve Cardano ETF and the proof is in the fact that big players are gravitating towards the blockchain due to its hastened progress and upcoming upgrade. 

To highlight, big players are eager for more ADA exposure because the Cardano blockchain led by founder Charles Hoskinson, has gone through incredible changes since the last bull cycle. The blockchain’s slow and steady approach has allowed the ecosystem to evolve into a truly decentralized network capable of taking on all the new functionalities expected of it in more recent times. 

How Far Will Leios Take ADA?

Hoskinson’s visionary expectations for the rapid growth of the web3 sector has been addressed in the Cardano blockchain. Every upgrade since its launch allowed a systematic evolution to the Cardano network. This ecosystem can now handle smart contracts, DeFi options, NFT minting, and many other functionalities. What’s more, the highly anticipated upcoming Leios Upgrade is set to introduce Solana-style speed, truly setting Cardano apart from all its competitors. 

All this and a truly decentralized platform, Cardano’s slow and steady peer-reviews upgrades have set the blockchain to be a leader in the space. It’s time so far has shown rapid and stable growth alongside leadership qualities and a promising team finally letting their prowess shine. As we can see from the post above, Hoskinson is eager to show the crypto community what Cardano will look like after Leios makes its debut.