A top portfolio strategist from the $244-billion asset management giant Morningstar says that Cardano (ADA) could become one of the “Big Three” mainstream cryptocurrencies.

In a report from Business Insider, Morningstar’s crypto-focused strategist Amy Arnott says that investors looking to get into digital assets want to avoid stomach-wrenching volatility.

Arnott believes that a crypto-based exchange-traded fund (ETF) – if one existed – would be the best route for investors to skirt over-the-top volatility.

“What I would really like to see is a diversified crypto index fund in the form of an ETF… The SEC still hasn’t approved any ETFs in the United States which makes it very difficult for mainstream investors to gain exposure to cryptocurrencies. It seems like there’s a lot of internal debate at the SEC about whether they should go ahead with this – it’s an important trend and a lot of investors need to have access to it, but they do need to protect investors.”

If widely accepted digital assets are the next best thing after an ETF, Arnott says Cardano could become one of “the Big Three” mainstream cryptocurrencies along with Bitcoin and Ethereum.

“Cardano is similar to Ethereum, in that it’s a protocol that has a lot of potential technical applications… There’s a lot of enthusiasm about Cardano, and also various stablecoins…

The interesting thing that’s happened over the past year or so is that institutional investors have been far more willing to adopt cryptocurrencies and look at them as an investment asset. As that trend continues, we’ll see other cryptocurrencies become more mainstream.”

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A prominent crypto strategist and trader predicts that Bitcoin is about to enter a parabolic second phase of the bull market and that something similar could be in store for Ethereum.

Widely followed crypto analyst Kaleo tells his 338,900 followers that the second chapter of Bitcoin’s bull run will push BTC well above six figures.

“Bitcoin/BTC

Even better.”

Kaleo’s prediction of Bitcoin’s parabolic rise to $200,000 follows the script of BTC’s 2017 bull market where the leading cryptocurrency rose from just $2,000 to $20,000 in a span of five months.

“Bitcoin/BTC

Something like this.”

Kaleo’s prediction comes as Bitcoin abruptly rallied from a low of $29,360 to a high of $40,499 in less than seven days. Although the leading crypto asset has managed to put together six consecutive green candles on the daily chart, Kaleo issues a warning to traders who are planning to use leverage to catch up.

“I’m sharing this because I have a feeling there are a bunch of late bulls that have extreme FOMO (fear of missing out) atm (at the moment) and are trying to overleverage to compensate. Just be patient and continue to stack. BTC is going to $100,000+ either way. Don’t let greed knock you down right before it happens.”

Looking at Ethereum (ETH), the crypto trader believes the leading smart contract platform is now poised to restart its bullish trend.

“Ethereum/ETH The bottom is in.”

Last week, when Ethereum was trading at $1,870, Kaleo said the leading smart contract platform could be mirroring its 2017 price action when ETH meteorically rose from $200 to its 2018 high of $1,440. According to Kaleo, he sees Ethereum igniting a similar rally en route to a new all-time high of $18,000 by July 2022.

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Featured Image: Shutterstock/Sylverarts Vectors

The ARK Innovation ETF has reduced its exposure to just 0.32% of its $23 billion in assets invested in Chinese companies, compared to 8% in February.

The ARK Next Generation Internet ETF still has about 3.8% invested in Chinese stocks, but that’s down from 9% earlier this year.

At the same time, Ark Invest has been buying bitcoin. The ARK Cryptocurrency U.S. Fund LLC bought $20 million in May.

Last week, the ARX Next Generation ETF bought 140,157 Grayscale shares (GBTC), just a day after buying 310,000 such shares, bringing it to a total of $11 million at the current price.

They have also bought close to a million (876,157) Coinbase shares worth more than $200 million at the current trading price, in addition to $88.74 million of Twitter shares after Jack Dorsey said bitcoin will be a “big part” of the social media company’s future.

Whether other investors will follow out of China and into bitcoin remains to be seen, but there is an estimated one trillion dollars on the move looking for new investment as the Chinese stocks sell-off deepens.