🚨 SEC Postpones Grayscale’s Cardano ETF Decision

The SEC has delayed its ruling on Grayscale’s ETF proposals for Cardano (ADA), Canary PENGU, and XRP until October, citing the need to further evaluate investor protections and market structure issues. While this extension slows immediate approval, many see it as a strategic pause rather than a rejection. Analysts remain optimistic, noting that regulatory clarity could unlock massive institutional inflows once these ETFs launch. With growing interest from Wall Street and rising crypto adoption, the delay may prove to be a setup for a stronger breakout later this year.

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