Lorenzo Valente, Director of Research at Ark Invest’s Digital Asset team, strongly criticized Cardano’s relevance, claiming that the crypto sector undermines its credibility by continuing to give visibility to this blockchain. In response, Charles Hoskinson, founder of Cardano, dismissed these criticisms as reflecting personal bias rather than an objective assessment. Cardano nevertheless remains included in the CoinDesk 20 index selected by Ark Invest for its ETF filing. Attention now turns to August 9, 2026, the date marking the end of the six-month observation window following the launch of ADA futures on the CME on February 9. Market participants anticipate potential approval for a spot ETF between late Q3 and Q4 2026.
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