SEC Delays Decision on Canary and Grayscale Spot ETFs
The U.S. Securities and Exchange Commission (SEC) announced on August 25, 2025, that it has postponed its decision regarding the applications for the Canary Spot PENGU ETF and Grayscale Spot Cardano ETF, as reported by BlockBeats. This delay comes as part of the stringent regulatory reviews the agency is conducting on financial products based on digital currencies.
The postponement does not mean rejection; rather, it provides the SEC with more time to assess regulatory aspects such as investor protection, asset custody issues, and potential market manipulation. This extension represents a step within a broader context that includes several other applications, with final decisions from the SEC expected largely by October 2025.
Returning to the market, this decision could potentially impact investor sentiment and the price movements of ADA and PENGU in the short term, given the strong correlation with these regulatory developments.
