ADA ETF assets equal just 0.8% of Cardano market cap

Cardano ETF assets under management stand at just $62.6 million, or 0.8% of the token’s market capitalization, The Crypto Basic reported. Based on Cardano’s $6.45 billion market cap, 99.2% of ADA exposure remains outside ETFs, the outlet said, adding the share lags far behind Bitcoin at 7.2% and Ethereum at 5.7%. ADA ETFs had drawn $44 million in inflows through July, but inflows into related products slowed sharply after Grayscale withdrew its spot ETF plan in August, according to the report.