The ADA exchange-traded fund is set to launch soon after approval from major institutions. Frederick Gregaard, the CEO of the Cardano Foundation, announced that ADA exchange-traded funds could be launched soon. This came after major asset managers submitted their applications and received potential American regulatory clarity within a month.
At the same time, both Europe and Asia are already hosting regulated ADA exchange-traded funds, which enhances Cardano's ability to expand its ecosystem. This expansion is a significant strategic step ahead of the upcoming Berlin summit, which will bring together global companies to explore blockchain and artificial intelligence applications using ADA.
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