Key Takeaways
The SEC has postponed its assessment of the Cardano ETF till the twenty sixth of October, extending delays on a number of altcoin merchandise. ADA, XRP, and PENGU proceed to really feel the strain of regulatory delays.
The U.S. Securities and Change Fee (SEC) has as soon as once more paused its assessment of the proposed Cardano [ADA] exchange-traded fund (ETF).
It extended the choice deadline from the twenty seventh of August to the twenty sixth of October 2025.
The transfer provides Cardano to the rising roster of altcoin ETF purposes dealing with regulatory delays, because the company continues to take a cautious method towards approving new crypto funding merchandise.
If accepted, the Cardano ETF would permit buyers to entry ADA by a regulated car, eliminating the necessity to maintain the cryptocurrency straight.
What do these delays inform us concerning the SEC?
The SEC’s newest delay has fueled hypothesis about how an eventual approval or denial may form Cardano’s market trajectory.
Actually, BlackRock has not but sought a Cardano ETF; its current Bitcoin [BTC] and Ethereum [ETH] merchandise have already attracted billions in inflows and lifted market costs.
If BlackRock pursued an ADA-backed product, the token may rally towards $1.20, primarily based on Fibonacci extension ranges.
For Cardano, the result of this assessment carried vital weight.
A greenlight would mark a significant step in boosting ADA’s accessibility for mainstream buyers by conventional brokerages.
On prime of that, rising institutional recognition is already evident, with Cardano not too long ago climbing in Grayscale’s asset rankings.
Against this, a rejection could be a setback for Grayscale and different companies in search of regulated publicity to the cryptocurrency.
The SEC emphasised that the extension is meant to offer extra time for a complete analysis of the proposal, echoing its cautious stance towards different crypto-related purposes.
Evidently, this isn’t an remoted case.
Different altcoin ETFs which can be getting postponed
Alongside Cardano, the regulator has additionally delayed its selections on the Canary PENGU and WisdomTree Ripple [XRP] ETFs, each of which are actually slated for a ruling by the twelfth of October.
By then, the SEC should both approve, reject, or provoke formal disapproval proceedings.
Markets react, however optimism glints below Atkins
The ripple results of the SEC’s cautious stance are already being felt available in the market.
ADA slipped 5.15% to $0.8389, XRP dropped 1.73% to $2.91, and PENGU fell 5.59% to $0.03054 over the previous 24 hours, in accordance with CoinMarketCap.
Ripple’s August 2025 authorized win cleared the best way for brand spanking new spot ETF filings from Grayscale and Franklin Templeton. Nonetheless, the trail ahead remained unsure.
Underneath new SEC Chair Paul Atkins, and with crypto laws on the horizon, optimism for approval rose. But dangers remained.
