Can ADA rally to $1.20 despite SEC’s latest Cardano ETF delay?
Key Takeaways
The SEC has postponed its overview of the Cardano ETF till the twenty sixth of October, extending delays on a number of altcoin merchandise. ADA, XRP, and PENGU proceed to really feel the stress of regulatory delays.
The U.S. Securities and Change Fee (SEC) has as soon as once more paused its overview of the proposed Cardano [ADA] exchange-traded fund (ETF).
It extended the choice deadline from the twenty seventh of August to the twenty sixth of October 2025.
The transfer provides Cardano to the rising roster of altcoin ETF functions going through regulatory delays, because the company continues to take a cautious method towards approving new crypto funding merchandise.
If authorised, the Cardano ETF would enable traders to entry ADA by means of a regulated car, eliminating the necessity to maintain the cryptocurrency instantly.
What do these delays inform us concerning the SEC?
The SEC’s newest delay has fueled hypothesis about how an eventual approval or denial may form Cardano’s market trajectory.
The truth is, BlackRock has not but sought a Cardano ETF; its current Bitcoin [BTC] and Ethereum [ETH] merchandise have already attracted billions in inflows and lifted market costs.
If BlackRock pursued an ADA-backed product, the token may rally towards $1.20, based mostly on Fibonacci extension ranges.
For Cardano, the result of this overview carried important weight.
A greenlight would mark a significant step in boosting ADA’s accessibility for mainstream traders by means of conventional brokerages.
On high of that, rising institutional recognition is already evident, with Cardano not too long ago climbing in Grayscale’s asset rankings.
In contrast, a rejection could be a setback for Grayscale and different corporations looking for regulated publicity to the cryptocurrency.
The SEC emphasised that the extension is meant to supply extra time for a complete analysis of the proposal, echoing its cautious stance towards different crypto-related functions.
For sure, this isn’t an remoted case.
Different altcoin ETFs which are getting postponed
Alongside Cardano, the regulator has additionally delayed its selections on the Canary PENGU and WisdomTree Ripple [XRP] ETFs, each of which at the moment are slated for a ruling by the twelfth of October.
By then, the SEC should both approve, reject, or provoke formal disapproval proceedings.
Markets react, however optimism sparkles below Atkins
The ripple results of the SEC’s cautious stance are already being felt out there.
ADA slipped 5.15% to $0.8389, XRP dropped 1.73% to $2.91, and PENGU fell 5.59% to $0.03054 over the previous 24 hours, in keeping with CoinMarketCap.
Ripple’s August 2025 authorized win cleared the way in which for brand spanking new spot ETF filings from Grayscale and Franklin Templeton. Nonetheless, the trail ahead remained unsure.
Underneath new SEC Chair Paul Atkins, and with crypto legal guidelines on the horizon, optimism for approval rose. But dangers remained.
