The Ada de Cardano token jumped 11%, outperforming Bitcoin (BTC) and ether (ETH), after investment in gray levels applied for the very first ADA Fund (ETF) ADA to States -Unis
Ada jumped at 80 cents, with the move from Wednesday evening, according to Coindesk data. However, the ninth largest cryptocurrency by market value is still down 36% compared to its December summit by around $ 1.37.
Grayscale, an eminent Crypto asset manager, filed a note from the first place of the ADA to the New York Stock Exchange. An ETF Spot would allow investors to expose themselves to cryptocurrency without having to own it directly.
Bitcoin and Ether Spot ETF began to negotiate itself in the United States last year, attracting billions of investor funds since their creation and strengthening the account of institutional adoption.
Note that the dry approval of the United States of the BTC and ETH ETH spot was mainly based on the hypothesis that the CME monitoring system for term contracts on bitcoin and ether would reduce concerns concerning manipulation prices. In other words, the term contracts on CME were a prerequisite for obtaining approval from the ETF spot. The global derivative giant has not yet listed future ADA.
The market does not seem worried about it, as evidenced by the tip of ADA prices.
Focus on layer 1 parts
The cryptocurrency and its peers of layer 1 like BTC, ETH, ground and others could remain well supported in the coming days, because the chatter of social media suggests a change of bias of the same investors in layers of layers of layers 1, according to the Santiment analysis company.
“The Crypto community has largely moved their attention to Bitcoin and other layers of layer 1 such as Ethereum, Solana, Toncoin and Cardano. Collectively, the best active ingredients in layer 1 obtain 44.2% of the discussions between specific parts. Meanwhile, the pieces of Monnai, Shiba Inu and Pepe are less and less discussed on social networks, “said Santly on X.
“A change in the attention of coins trafficking to Bitcoin and layer 1 assets is generally the sign of a more stable and durable market environment,” added Santiment.
BTC in stasis
Bitcoin continues to negotiate speech between $ 95,000 and $ 100,000, the increase of which is probably capped by fears of the trade war and the increase in inflation expectations in American ether, the second larger token by market value , was locked between $ 2,500 and $ 2,900 since last Monday recovery from the accident on Monday last Monday to an accident last Monday to a $ 2,000 accident on several exchanges.
Macro-traders recently pivoted gold, sending the price of yellow metal to all time over $ 2,900 per ounce.
Some analysts said Bitcoin would have the last laugh.
“The recent Decrease in volatility, coupled with the rising price of gold, should Highlight Bitcoinʼs growing appeal as an alternative store of value. Despite short-term fluctuations, Bitcoinʼs Fundamental Narrative Remains Intact, With Increasing Institutional Interest and Against inflation and devaluation of money continuing to support its long -term potential, “said Bitfinex analysts.
“A change [away from gold] Maybe in progress. More than $ 196 billion in Bitcoin are now held by FNB, public and private companies, and even nation states. The central banks expanding the money supply and the risks of devaluation of the increasing Fiat, the account of the fixed administration of Bitcoin becomes more and more attractive, “added the analysts.
