Now, the investment in Cardano ($ ADA) for retail and institutional investors is available in the jurisdiction of Finland and Sweden through products quoted in the stock market.
Cardano is a popular rival blockchain network of Ethereum, founded by one of Ethereum’s co -founders, Charles Hoskinson, in 2017. From the origin of this project, Hoskinson never allowed the direct entry of institutional investors so that the distribution of the native token of Cardano made without partiality.
On February 5, 2025, the Swedish Digital Assets Manager Virtune launched Virtune ETP cardano (stock -listed product) in Nasdaq Helsinki. This new product is now quoted under the Ticker $ Viradae.
This product quoted product provides investors with physical backup 1: 1 of cardan (ADA) and also offers an annual 2%reward. Security is guaranteed through cold storage solutions provided by the American Crypto Exchange American coinbase.
Cardano Spot ETF in the United States comes?
It means that this Crypto ETP product not only provides exposure to the $ ADA currency, but also provides the ability to generate reference rewards by maintaining the inverted ETP product.
Many cryptography experts indicated that the launch of this ETP marks a significant milestone for the cardan block chain. As this Crypto ETF product is now listed in Nasdaq Helsinki, it is natively available for headquarters in Finland and Sweden, although people from other jurisdictions also invest in it if their international brokerage companies or financial advisors determine the viability of invest in this product.
Here, Virtune’s cryptographic ETF is not limited to Cardano; They have also launched an avalanche (Avax) ETP under the Ticker $ Viravaxe.
Previously, Virtune managed to launch Virtune Bitcoin ETP ($ virbtce), Solana ETP (Virtune) of Virtune, Virtune Staked Ethereum ETP ($ Virethe), Virtune XRP ETP ($ Virxrpe), Virtune Crypto Altcoin Index ETP ($ Viralte).
Cardano Spot ETF in the United States comes?
After the launch of the products quoted in Cardano exchange in Nasdaq Helsinki, most Cardano enthusiasts began to talk about the growing institutional demand of Moin $ ada in the United States and exploring the panorama of ETF products focused on Cardano.
To date, there are no requests spot ada ETF pending review with the United States stock and values commission (SEC). However, Tuttle Capital Management has submitted to the SEC to launch the first request for exchange of Tuttle Capital Management for an ETF Cardano (ADA) leveraged 2x, but this application is in a pending state with the body of the SEC.
Ada Coin token of unregistered security?
However, the distribution of $ ADAs and decentralized control based on the community in the cardan block chain makes it a much better cryptographic project, after Bitcoin & Ethereum throughout the cryptographic space, but still, in the past, in the past , the body of the sec tag as an unregistered security token in multiple application actions against cryptographic companies.
Here, this is not a problem only with this cryptocurrency; Already, many cryptocurrencies were labeled as values not registered by the sec agency in demands against cryptographic trade exchanges.
Only one day ago, the sec agency recognized a Spot ETF product application linked to Solana ($ Sol), which was also labeled as an unregistered security token.
So, here we can conclude that it is only a matter of time and here we should be optimistic about future developments around this space, since the leadership of the body of the dry is now changing under the presidency of Donald Trump.
Read also: The first time that the SEC of the United States recognizes Solana Spot ETF!
