Cardano was once seen as a rival to Ethereum but is now falling behind. Demand for new Cardano ETFs is low, with little evidence of a turnaround. Despite the hype, Cardano is down 30% this year and 80% from its all-time high. Institutional fund flows into Cardano are minimal, with only $50 million in 2025 compared to billions into Bitcoin and Ethereum. Cardano lacks real-world utility, with low activity on its blockchain compared to competitors like Ethereum. The lack of excitement from investors is evident in the absence of new investment products for Cardano. Despite its $20 billion market cap, Cardano has struggled to innovate and may only double in value within the next 24 months. Investors are turning to other cryptocurrencies like XRP and Solana for potential ETFs, leaving Cardano behind.

Read more at Yahoo Finance: Is There a Future for Cardano?