The SEC has delayed its review of the Cardano ETF until October 26, 2025, contributing to uncertainty in altcoin markets. This delay affects multiple altcoins, including ADA, which continues to struggle alongside XRP and PENGU.
If the SEC approves the Cardano ETF, it may enhance investment access to ADA without needing to hold it directly. Speculation also indicates that BlackRock could explore creating an ADA-backed product, potentially raising ADA’s value.
Following the SEC’s announcement, ADA’s price decreased by 5.15% to 0.8389 USD, with similar declines in XRP and PENGU. The cautious approach of the SEC continues to influence market sentiment and trading behavior.
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