I recently noticed a rather interesting move from Cardano. Not long ago, Charles Hoskinson announced a plan to use part of the project’s reserve fund to invest in Bitcoin and stablecoins. This came as quite a surprise because only a few days earlier, he had called Bitcoin the biggest threat to his network.

According to the published roadmap, Charles Hoskinson proposed that Cardano could use about 5% to 10% of its current ADA reserves to carry out this strategy. Cardano’s reserve fund is currently holding about 1.2 billion USD in ADA, so this figure is definitely not small. The idea is to create a yield-generating fund made up of Bitcoin and stablecoins, which could be used to replenish ADA in the long term or to run buyback programs.

In addition to focusing on Bitcoin, Cardano is also planning to integrate XRP and RLUSD—Ripple’s stablecoin—into its DeFi ecosystem. Charles Hoskinson revealed that this integration would significantly expand the network’s DeFi services, creating more opportunities in lending, staking, and borrowing. This cooperative move could also strengthen interoperability between the two ecosystems.

I think these changes reflect a fairly clear strategic shift. Instead of focusing entirely on internal development, Cardano is looking to expand through partnerships and by diversifying its reserve fund. This may be explained by the fact that the network has recently faced some challenges in accelerating adoption, and linking up with other projects could be a reasonable path for expansion.

As for an ADA ETF, the situation is still unclear. At the end of May last year, the probability of SEC approval for a Cardano ETF was estimated to be over 70%, but data from Polymarket shows that number has fallen to 67%. The SEC has not yet released any details about the status of altcoin ETF license applications, including ADA. Even so, the outlook still falls within a range of possibilities.

The Cardano community is largely optimistic about these changes. Some analysts believe these are positive steps for the network’s long-term development, especially with more Bitcoin and stablecoins being added to the reserve fund. However, there are also voices of criticism, saying this could be the final attempt to rekindle interest. In any case, Charles Hoskinson and the community continue to maintain confidence in Cardano’s long-term prospects.