SEC Delays Rulings on PENGU and Cardano ETFs Until October
The U.S. Securities and Exchange Commission (SEC) has decided to extend its review periods for two crypto ETFs until October 2025.
Canary Capital’s PENGU ETF combines Pudgy Penguins memecoins with NFTs, facing challenges related to compliance and valuation. The SEC moved its deadline from August 28 to October 12, aiming for a more thorough evaluation. This has led PENGU’s price to drop by 11%, showing investors’ concern over regulatory approval.
Grayscale’s spot Cardano (ADA) ETF also got a postponement, shifting from August 27 to october 26. The SEC wants to ensure better investor protection and a stable market structure. This mirrors how other altcoin-based ETFs, like those focused on XRP and DOGE, have faced repeated delays.
- SEC delays PENGU ETF to October 12, 2025
- PENGU price decreases amid regulatory uncertainties
- Grayscale’s ADA ETF gets a new deadline of October 26, 2025
These delays reflect the SEC’s cautious approach to approving crypto-related ETFs, especially ones involving newer altcoins or complex structures. While it creates short-term uncertainty for PENGU and ADA prices, the demand for regulated access to cryptocurrencies remains strong among institutions.
Analysts beleive that October could see a flurry of ETF decisions from the SEC, possibly shaping how institutions interact with the crypto market. Despite current setbacks for ADA and PENGU, the overall interest in regulated altcoin investments continues to grow.
