Cardano poised to ride institutional adoption wave
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions.
The crypto sector indices are divided into five categories: currencies, smart contract platforms, financials, consumers and culture, and utilities and services. The Crypto Sector Indices include coverage of over 150 protocols, which will be reassessed quarterly to reflect the dynamic nature of the crypto asset class.FTSE Grayscale smart contract platforms crypto sector index includes crypto assets that serve as the baseline platforms upon which self-executing contracts are developed and deployed.
Gambardello anticipates that with the introduction of the crypto sector indices, the door could be wide open for institutional exposure to Cardano. He cites Cardano's inclusion in the former Ethereum Smart Contract Fund, wherein it makes up 24% of the weighted average., Grayscale Investments CEO Michael Sonnenshein said investors have increasingly expressed interest in diversifying beyond crypto's largest assets, Bitcoin and Ethereum.
Gambardello believes that an institutional wave is coming for more than just Bitcoin and that Cardano, as a blue-chip cryptocurrency, is poised to ride it.Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends. Tomiwabold earned his degree at the University of Lagos.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Institutional Investors ArchivesRead the latest news about institutional investors and their growing involvement in the digital asset market.
Read more »
Meitu Focuses on AI Growth, Moves Away from BTC, ETH InvestmentsCrypto Blog
Read more »
Bitcoin price tests $31,000 as US regulator mysteriously delays spot BTC ETF approvalBitcoin (BTC) price is bullish after a hard pump that began around mid-October. The breakout was initiated by false news of a spot BTC exchange-traded
Read more »
Bitcoin Mining Stocks Rally as BTC Holds Above $30K Despite Looming Halving ConcernsAoyon Ashraf is managing editor with more than a decade of experience in covering equity markets
Read more »
Crypto Markets Added $100B Weekly as BTC Reclaims $30K (Market Watch)Crypto Blog
Read more »
Bitcoin (BTC) Hints at Possible Price Correction If This Pattern ValidatesBTC up 2.19% in last 24 hours to $30,601
Read more »