SEC Delays Decisions on Cryptocurrency ETFs, Impacting Market Sentiment

The U.S. Securities and Exchange Commission (SEC) has delayed decisions regarding applications for Canary spot PENGU ETF and Grayscale spot Cardano ETF. This action reflects the SEC’s ongoing cautious approach towards cryptocurrency exchange-traded funds (ETFs), particularly those focused on newer digital assets. The delay, announced on August 25th, 2025, further adds to market uncertainty and could impact pricing for assets like Cardano and PENGU.