<ul><li>The US SEC has delayed its decision on Grayscale’s Cardano ETF and Avalanche ETF applications. The final deadline for the Cardano ETF ruling remains October 22, 2025, within the 240-day review period.</li><li>SEC Extends Timeline for Cardano ETFs: The SEC needs more time to assess the Cardano ETF proposal and collect public comments. This has impacted the market performance with price drops in Cardano and Avalanche.</li><li>Avalanche ETF Application Also Faces Postponement: The SEC has extended the review timeline for the Avalanche ETF application, requiring more analysis to ensure market integrity requirements are met.</li><li>Cardano ETFs Face Longer Wait Period: The delay in decisions for spot crypto ETF applications, including Cardano and Avalanche, suggests a trend of postponing such rulings by the SEC. Despite this, some ETF approvals for Bitcoin and Ethereum came before the 240-day deadline, leaving room for optimism.</li></ul>

Grayscale’s Cardano ETF Hits Roadblock as SEC Delays Decision

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