Mar. 5, 2025
I believe the Cardano/ADA ETF submitted by Grayscale should be approved. Some of the key reasons are: • I believe the Cardano network has the best infrastructure of all the top crypto currencies. ? Zero down-time since inception in 2017. ? Fast and economical transactions. ? This is based on my own experience trying transactions on the major networks. ? It is truly decentralized. ? Very high security. The wallet address structure is much longer and secure than Bitcoin. ? Low carbon footprint as it was the first to incorporate Proof of Staking verses Proof of Work. ? Scalability necessary to support the needs of being the globally dominant payment system. • Allowing exposure to Cardano represents an excellent Investor Value verses most of the popular cryptocurrencies. ? Outside of Bitcoin, Cardano is the only coin which was launched without Wall Street and/or Venture Capital involvement. It therefore never received the initial value bump, nor the marketing of the major cryptocurrencies. I believe it therefore has the most potential appreciation of the major cryptocurrencies.