SEC Delays Decision on Grayscale’s AVAX & ADA ETFs: Implications for Altcoin Markets

The US Securities and Exchange Commission (SEC) has postponed its decision on Grayscale Investments’ applications for spot ETFs based on $AVAX and $ADA, extending the review to July 15, 2025. This delay marks another hurdle for altcoin ETFs, highlighting ongoing regulatory caution regarding their approval. Despite this setback, market sentiment remains positive with AVAX and ADA prices exhibiting upward trends. Grayscale, known for its successful Bitcoin and Ethereum trust products, aims to expand its portfolio with these new ETFs if approved, which could significantly impact the broader cryptocurrency landscape.