SEC Delays Decision on Cryptocurrency ETFs: Canary and Grayscale Applications Postponed

The U.S. Securities and Exchange Commission (SEC) has put off its decision regarding the applications for both the Canary Spot PENGU ETF and Grayscale Spot Cardano ETF. This delay impacts the launch timelines for these products, which are intended to provide investors with access to cryptocurrency markets through exchange-traded funds. The SEC’s delayed response is part of a larger evaluation of various financial instruments related to cryptocurrency.