Despite traders’ hopes, a Cardano ETF (ADA) or a Ripple ETF (XRP), is unlikely to materialize in the short term. GSR The report includes an ETF Possibility score, which measures the likelihood of a crypto to be included in an ETF. own exchange-traded fund.
New data is based on both how decentralized the tokens are and what demand there is for investment products. In the following report, it was confirmed that the token is a popular investment. Solana-based ETFBut it cast a great deal of doubt over other popular digital assets.
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XRP & ADA Are Not Expected to Receive an ETF Any Time Soon, According to Data
The two-year anniversary of the 2009 and 2010 elections is a great opportunity to celebrate both Bitcoin In the United States, the two first crypto ETFs were Ethereum and Bitcoin. The latter is yet to be launched, but both are a major step in the right direction for the US industry. Now, traders will be looking to the existing pool of crypto assets and waiting for what could become an asset. next.
A new report indicates that Ripple and Cardano are unlikely to receive an ETF any time soon, despite their popularity. The data indicates that Solana has a higher market cap than Ripple (XRP). next In line with ETH and BTC, it has clearly established itself as a top-three cryptocurrency on the market.
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GSR scored XRP (-0.9) and Cardano (-0.1), respectively, on the basis of decentralization. Both assets are ranked among the lowest three cryptocurrencies observed by the company. Demand doesn’t make the metrics any better.
In the report, it is noted that a higher level of demand in the future will be a more reliable indicator for an ETF. XRP, however, and ADA both show scores for demand of -0.2 e -0.5 respectively. This again places them at the bottom.
GSR claims that Solana has been a member of the GSR since 2006. next up. The data they have shows SOL. “outpaced the next closest digital asset by a large margin and was the only other besides Ethereum to have positive scores for both decentralization and demand.”
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Source: watcher.guru