- The SEC has extended its decision deadline for Grayscale’s Cardano ETF to October 26, 2025, following a broader trend in crypto ETF reviews.
- Grayscale’s Cardano ETF approval odds remain high, with Polymarket and Bloomberg analysts predicting 87% and 75% approval chances, respectively.
- Cardano continues to make technological advancements, including the introduction of the Halo2-Plutus verifier to improve scalability and privacy on its network.
The U.S. Securities and Exchange Commission (SEC) has announced it will delay its decision on Grayscale’s proposed spot Cardano (ADA) exchange-traded fund (ETF) until October 26, 2025. This extension follows the SEC’s broader trend of postponing decisions on crypto ETFs in recent months.
In a move that has caught the attention of the crypto community, the SEC has extended its review period for Grayscale’s Cardano ETF. Originally submitted earlier this year, the proposal aims to bring ADA to traditional investment markets through a regulated ETF. However, the SEC’s decision is now scheduled for late October 2025, marking a significant delay in the process.
Optimistic Market Reactions
Despite the delay, the odds of the ETF’s approval remain high. Market sources such as Polymarket report that approval odds are currently at 87%, while analysts from Bloomberg have adjusted their expectations to 75%. These positive projections reflect the growing confidence in the potential approval of Grayscale’s Cardano ETF, even as the SEC continues its review.
This is also delayed following the official listing of the Cardano Trust ETF of Grayscale in the regulatory portal of Delaware. This will be a significant move, and this is an indication that the company is still moving on with its plans. The SEC already noted that the NYSE Arca had filed the 19b-4 form of Grayscale earlier this year, yet further increased hopes of one day receiving a nod of approval.
Broader Crypto ETF Review Trends
The SEC’s delay in its approval of the Cardano ETF by Grayscale is part of a wider pattern where the agency has slowed its decision-making on several spot crypto ETFs. These delays are the result of the conservative attitude of the regulatory body to digital assets, especially under the conditions of instability in the crypto market. There are, however, hopes that in the future such ETFs will be approved by the SEC, especially with the presence of crypto in conventional financial markets.
At the same time, Cardano is advancing in developing new technologies. Recently, the network also introduced the Halo2-Plutus verifier, introducing zero-knowledge proofs (ZKPs) to the ecosystem of Cardano. Those innovations are seen as essential in enhancing the privacy, scalability, and security of Cardano, aiding the network in its future in the blockchain industry.
