Cardano investors are maintaining optimism despite a recent pullback in ADA, focusing on catalysts such as potential spot ETF eligibility, DeFi growth, scalability upgrades and stronger links to Bitcoin DeFi. Grayscale’s withdrawal of an S-1 filing was a short-term negative, but Cardano is seen as meeting a key requirement in a simplified SEC review framework. The community is also backing interoperability initiatives and DeFi funding, while founder Charles Hoskinson highlighted potential TVL growth.

Asset manager Fidelity has filed documents with the U.S. Securities and Exchange Commission to add staking to its Ethereum spot exchange-traded fund, FETH. The filing outlines a structure to generate staking rewards using the Ethereum held by the fund, with up to 100% eligible for staking excluding amounts needed for redemptions, costs and liquidity. Fidelity said 85% of rewards would go to FETH and 15% to staking fees, and it plans quarterly cash distributions without guaranteeing payments.