Cardano ETF Prospects Delayed: SEC Pushes Decision to October

The U.S. Securities and Exchange Commission (SEC) has pushed back its decision on Grayscale’s Cardano exchange-traded fund (ETF) application, delaying the crucial ruling until October 26, 2025. This postponement marks a significant delay from the initial late August deadline. Grayscale first submitted its proposal in February to NYSE Arca, aiming to launch a product that tracks ADA without requiring direct token handling. Amendments followed, and public input was solicited by the SEC earlier this year, reflecting the significance of the filing.