Cardano is trading around $0.86 today, with traders watching closely for any news on institutional products tied to the token. The biggest question making the rounds is simple: what would happen to ADA’s price if BlackRock decided to file for a Cardano ETF?
As of August 2025, BlackRock has not filed for a Cardano ETF. The firm’s only active crypto ETF products are focused on Bitcoin and Ethereum. In fact, recent statements suggest BlackRock is not planning to expand into altcoin spot ETFs, despite the speculation.
So far, only companies like Grayscale and BNY Mellon have submitted filings for a spot Cardano ETF this year. These filings are under review, but no approvals have been granted.
BlackRock’s influence in the ETF market can’t be overstated. Its Bitcoin ETF was one of the catalysts for BTC’s surge past $120,000 earlier this year, with billions in inflows coming from institutions.
If BlackRock were to file for a Cardano ETF, market observers believe ADA could see a similar effect. Institutional inflows would likely increase liquidity, boost legitimacy, and attract retail investors who view ETFs as safer ways to get exposure.
Read also: Here’s the XRP Price if BlackRock Files for a Ripple ETF
Price Impact if BlackRock Files
At today’s level of $0.86, Cardano’s market cap sits just under $30 billion. Analysts say a BlackRock filing could act as a psychological trigger, much like it did for Ethereum in 2025.
- Short-term reaction: ADA could spike toward the $1.20–$1.50 range within weeks of such an announcement, as speculators front-run possible approval.
- Medium-term potential: If filings lead to an approved product, inflows could push ADA back toward its former highs above $3, last seen in 2021.
- Institutional case: Even a modest inflow of $5–10 billion, similar to early Bitcoin ETF flows, could lift Cardano’s price above $2.50–$3.00.
Read also: Here’s the HBAR Price if BlackRock Files for a Hedera ETF
Reality Check
For now, though, this remains speculation. BlackRock itself has said it has no plans to file for a Cardano ETF. The firm is instead focused on Bitcoin and Ethereum.
That means ADA’s short-term price action will continue to depend on organic adoption, staking activity, and retail momentum. The ETF scenario is still hypothetical, but traders are clearly keeping it on their radar in case the world’s largest asset manager changes its stance.
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