SEC Pushes Cardano ETF Decision to Oct. 26, 2025
The US Securities and Exchange Commission has extended its review of the proposed Cardano ETF, moving the decision deadline from August 27 to October 26, 2025. This SEC delay prolongs regulatory uncertainty and stalls mainstream investors’ regulated access to ADA. In the 24 hours after the announcement, ADA fell 5.15% to $0.84. Other altcoin ETFs, including WisdomTree Ripple (XRP) and Canary PENGU, also saw their filings postponed to October 12, 2025, reflecting continued SEC scrutiny of spot crypto products.
Market impact has been swift but focused on short-term risk-off flows rather than long-term conviction shifts. XRP slipped 1.73% to $2.91 and PENGU dropped 5.59% to $0.0305. Delays in altcoin ETF approvals may slow institutional adoption of ADA and other tokens. Traders should track SEC docket updates, set calendar alerts for key deadlines, and monitor price and volume reactions around ruling dates. Meanwhile, existing Bitcoin and Ethereum ETFs remain the main regulated vehicles for institutional crypto exposure.
Bearish
The SEC’s decision to extend the Cardano ETF review heightens regulatory uncertainty and delays regulated access to ADA, prompting short-term selling pressure. Similar past delays in altcoin ETF approvals have led to immediate price dips as investors adopt a cautious stance. In the short term, ADA and related altcoins may face continued volatility and risk-off flows. However, should the SEC establish a clear approval framework over time, institutional interest could return, supporting longer-term upside. Traders should brace for heightened price swings ahead of the October 2025 deadline.