The post Cardano ETF Delayed Again by SEC, ADA Price Dips 4% appeared first on Coinpedia Fintech News
In yet another ETF delay, the US SEC has hit a pause on Grayscale’s spot ETFs for Cardano and Avalanche. The decision date is now pushed from May 29 to July 13, and the final deadline for the ruling is on October 22, 2025.
JUST IN: The SEC has delayed the Cardano $ADA ETF decision to a later date. https://t.co/DFftBwtodG
— TapTools (@TapTools) May 28, 2025
Cardano slipped 4% and AVAX dropped over 2% after the news. A favorable decision was expected to push ADA past the $0.80 mark. However, the delay could now negatively impact the price. The MACD and short-term averages indicate selling pressure, but the long-term outlook is still positive for ADA.
Traders on Polymarket are still positive, as it shows a 67% chance of a Cardano ETF approval by the year-end. The community is not surprised, as some see these setbacks as buying opportunities. They say that the regulat
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