SEC pays the decision back on Cardano Etf from Grayscale star-news.press/wp
The US Securities and Stock Exchange Committee expanded its review of the proposed Cardano ETF menu. The decision was due on August 27, but it was now returned to October 26, 2025.
SEC set the deadline in October for Cardano ETF decision
The suggestion was presented for the first time in February by NYSE Arca to include and trade stocks in Grayscale Cardano ETF under commodity -based confidence stock base. NYSE Arca updated the deposit of the amendments, and SEC called public comments earlier this year. “
Organizers often expand the deadline when they want more time to assess investor protection and market structure issues. the A second document It revealed that the agency will reach a final decision regarding this Cardano ETF by late October.
The proposed Cardano ETF will allow investors to be exposed to the original Blockchain code (ADA) without purchasing or storing the distinctive symbol. Grayscale is already running similar boxes for Bitcoin and Ethereum, both of which have passed through lengthy organizational reviews.
Such a review is important for Cardano. An effective list of Cardano ETF will enhance the accessibility of Ada through traditional brokerage companies. Cardano GrayScale is recently evidence of the increase in institutional interest in Ada.
Meanwhile, denial would disrupt the efforts made by gray and other investors seeking to reach the original symbol of Cardano through organized means. The new date is October 26, 2025. On that date, the Securities and Stock Exchange Committee can accept or reject the request to list Cardano ETF.
SEC followed the same style with previous encryption proposals. In this case, officials said they wanted enough time to study the Cardano ETF proposal and the issues that were raised. Grayscale has argued that the inclusion of encryption boxes in public stock exchanges would provide more transparency, better prices and ease of access to investors.
SEC extends an ETFS Canary Pengu and Wisdomtree XRP review
Similar to the delay in Cardano ETF from Grayscale, the US Supreme Organizations also delayed their decision regarding Canary Pengu and Wisdomtree XRP proposed. The new date of work is October 12. By that date, the Supreme Education Council must approve, reject or start official rejection procedures.
The committee mentioned in Last update It needs more time to review the details before making a decision. The CBOE PENGU product is presented by CBOE BZX Exchange, as it seeks to obtain approval to narrate and trade stocks as good -based confidence. The original deposit was submitted in June, followed by two amendments in July to improve the proposal.
<!–
–>
pee
Paul Adedoyin is an encryption journalist with more than 4 years of experience that provides timely news, in -depth research, and insightful content to inform and empower his fans. His works appeared in sites like Cryptomode, Cryptonewsflash and others. He holds a certificate in geophysics from OAU, Nigeria. When he does not write, he loves to watch football and read educational magazines. It can be accessed via (e -mail reserve)
<!–
–>
Leave responsibility: The content and the personal views of the author and the current market conditions reflect. Please do your own research before investing in encrypted currencies, because the author and the post is responsible for any financial losses.
AD disclosure: This site may feature content with care and subsidiary links. All ads are clearly marked, and advertising partners have no effect on our editing content.
<!–
View all
–>
https://coingape.com/wp-content/uploads/2025/08/cardano_etf_approval_odds_in_2025_hit_all_time_high_on_polymarket.webp
2025-08-25 21:36:00
partner: