Crypto Capital Venture founder Dan Gambardello says Cardano could surge to $3 quickly if it receives news of an XRP-like exchange-traded fund (ETF); Gambardello made the suggestion yesterday on Cardano currently has a number of positive developments in its ecosystem that have contributed to its rebound; while he did not elaborate on these developments, he hinted that if Cardano receives positive news about the ETF like XRP has recently, it May surge to $3 quickly; Gambardello’s comments indicate that Cardano may see a significant price increase if asset managers apply for an ETF linked to ADA; ADA lags behind XRP in ETF applications; After Bitcoin and Ethereum ETFs were approved, multiple experts speculated that ADA, XRP and Solana may be the next ETF assets to receive approval; while several asset managers have submitted applications to the SEC to launch ETFs specifically linked to Solana and XRP, Cardano has yet to receive such an application. Instead, ADA-related investment products revolve around a filing by NYSE Arca to convert the Bitwise 10 Cryptocurrency Fund (BITW) into an exchange-traded product (ETP); for context, BITW Holding 10 top crypto assets, including XRP and ADA, with weights of 5.7% and 1.6% respectively; in addition to the Bitwise Basket ETP application, XRP has four documents fully related to the asset. Top asset managers such as Bitwise, 21Shares, Canary Capital, and Wisdom Tree filed these applications with the SEC; Additionally, Grayscale Investments sought SEC approval for its multi-currency fund featuring XRP Convert to ETF; XRP outperforms ADA; Huge institutional interest in XRP contributes to XRP price surge. Notably, the price of XRP surged by 477% from $0.4937 to $2.85 in 30 days; Cardano, on the other hand, surged by 273.65% in the same time period, from $0.32 to $1.32. Although XRP has received multiple ETF applications, it has yet to reach the $3 mark, Gambardello believes that if Cardano receives similar applications, it will achieve this milestone soon;