According to U.Today, the Cardano (ADA) community is currently speculating about the possibility of a Cardano exchange-traded fund (ETF). This speculation was ignited by a recent post on X by Tap Tools, a platform for tracking tokens, NFTs, and wallets on the Cardano blockchain. The post posed the question, 'Is ADA ETF up next?' and featured an image with Bitcoin and Ethereum ETFs checked off, leaving only Cardano ETF unchecked.

This speculation follows the recent launch of Ethereum ETFs in the United States, marking a significant milestone for the crypto market. Ethereum exchange-traded funds began trading in the U.S., providing a new investment vehicle for professional investors and advisors. The tweet from Tap Tools also caught the attention of Cardano’s founder, Charles Hoskinson, who responded with a GIF image captioned, 'Fine, I'll do it myself,' further fueling discussions within the ADA community.

One community member, encouraged by Hoskinson’s engagement, asked if he could also secure a stable coin for Cardano with liquidity and an on/off ramp by partnering with an exchange that would list Cardano native tokens. Hoskinson responded affirmatively with another GIF captioned, 'Yes.' His remarks, though playful, have given some in the ADA community hope regarding the potential of a Cardano ETF, especially in light of the recent Ethereum ETF launch.

In related news, Intersect, a member-based organization for the Cardano ecosystem, has provided an update on the DRep Pioneer Program as preparations for the Chang hard fork get underway. The Chang upgrades, expected to begin in August 2024, are anticipated to be transformative for Cardano and represent a critical milestone in its upgrade timeline. According to Intersect, 247 members of the Cardano community have completed DRep onboarding in preparation for the Chang upgrade.