Grayscale’s Cardano ETF Faces Delay to October 2025

The SEC has pushed back its decision on Grayscale’s proposed Cardano ETF, extending the deadline to October 26, 2025. This delay follows a broader trend of SEC postponements regarding crypto ETFs, despite strong market anticipation and high approval odds. The decision comes as Cardano continues to innovate with features like the Halo2-Plutus verifier, which aims to improve scalability and privacy within its network. Analysts predict Grayscale’s chances of approval remain high at 87% according to Polymarket and 75% according to Bloomberg analysts, reflecting growing confidence in the ETF’s potential success.