The post Cardano (ADA) ETF Expected Any Time Soon; Amid Market Uncertainty Why Whales Are Turning Their Attention To Rollblock appeared on BitcoinEthereumNews.com.

Crypto ETFs have been going forward at a pace since the Bitcoin ETF got put through with the latest news that a Cardano ETF may be on the way soon. Investment advisory firm Tuttle Capital Management filed for a 2x leveraged Cardano ETF. This can be either very good or outright disastrous for Cardano (ADA). Cardano’s market cap increased significantly in 2024, but January 2023 saw the first Cardano market cap retraction since April last year. This is an uncertain time, and Cardano ETF or no Cardano ETF, investors do not like uncertainty. This is why investors are looking for safer havens in presales like the one currently on offer from the new online casino Rollblock (RBLK). Cardano (ADA): 2x leverage Cardano ETF on the cards Connecticut-based wealth management firm Tuttle Capital Management has recently applied for a 2x leveraged Cardano ETF. This is exciting but brings dangerous waters. The net effect of this Cardano ETF is that any gains Cardano makes will be leveraged twice to double the profit. But, should the Cardano price tank, then the Cardano ETF will suffer twice the loss. Looking at Cardano’s performance critically, its market cap tells an interesting story. It reached its peak in September 2021, when its market cap reached $77.4 billion. Since then, it’s been all downhill for Cardano. Cardano’s market cap plunged to less than $9 billion in September 2023 before having quite a lucrative 2024. And now the market cap is down again… This illustrates great market uncertainty, and one must have a high-risk profile to want to enter a 2x leveraged Cardano ETF. Yes, there is money to be made, but in rough seas, a safe harbor may be a better option. Rollblock (RBLK): The safer investment in uncertain times.  When the markets are up and down…

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Filed under: News - @ February 2, 2025 12:26 am