Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Cardano (CRYPTO: ADA) founder Charles Hoskinson slammed the Trump administration’s handling of the cryptocurrency industry in an interview aired Sunday, particularly targeting David Sacks, the White House cryptocurrency czar. Hoskinson Attacks Sacks Appearing on The Wolf Of All Streets Podcast, Hoskinson voiced skepticism about the passage of the cryptocurrency market structure bill, a key piece of legisl ...

Core Viewpoint - CoinShares International Ltd. has launched the CoinShares Altcoins ETF (NASDAQ:DIME), providing investors with access to the altcoin market without the complexities of crypto wallets [1][2]. Group 1: ETF Overview - The DIME ETF allows access to a diversified portfolio of altcoins through traditional brokerage accounts, overcoming the limitations of previous cryptocurrency products that primarily focused on Bitcoin and Ethereum [2]. - The ETF follows the CoinShares-Compass Altcoins Index, which equally weights its holdings and rebalances quarterly to manage volatility [3]. - Initial holdings include prominent altcoins such as Solana (SOL), Polkadot (DOT), and Cardano (ADA), offering exposure to various Layer 1 blockchains and interoperability protocols [4]. Group 2: Financial Structure - The management fee for the ETF is set at 0.95%, but it will be waived for assets up to $1 billion until September 30, 2026, providing cost savings for early investors [5]. - The ETF is scheduled to be listed on Nasdaq starting October 7, 2025 [5]. Group 3: Market Significance - The launch of DIME represents a significant development in crypto investing in the U.S., bridging the gap between traditional finance and the blockchain economy [6]. - DIME is positioned as a user-friendly investment option for those looking to explore the crypto market with the convenience of a brokerage login [6].

Core Insights - Cardano's native token ADA has surged over 5% recently, trading around $0.88, although it remains below its pandemic-era highs of over $3 per token [1][2] - Investors are optimistic about ADA reaching the $1 level, supported by a bullish macro environment and potential catalysts [2][4] Market Dynamics - The demand for Cardano is being driven by bullish bets on the approval of a spot ETF by the SEC, which has shifted its stance to view cryptocurrencies as investment-worthy [3][4] - As one of the largest Layer-1 networks, Cardano benefits from strong name recognition and interest from large investors, or "whales," which influences trading decisions [3][5] Future Outlook - If Cardano receives approval for a spot ETF, it is expected that liquidity on the network will increase, attracting developers to build new applications [5][8] - The sustainability of the current rally is uncertain, as Cardano has previously struggled to maintain momentum around the $1 level [6][8]