Can ADA rally to $1.20 despite SEC’s latest Cardano ETF delay?

Key Takeaways

The SEC has postponed its assessment of the Cardano ETF till the twenty sixth of October, extending delays on a number of altcoin merchandise. ADA, XRP, and PENGU proceed to really feel the strain of regulatory delays.

The U.S. Securities and Trade Fee (SEC) has as soon as once more paused its assessment of the proposed Cardano [ADA] exchange-traded fund (ETF).

It extended the choice deadline from the twenty seventh of August to the twenty sixth of October 2025.

The transfer provides Cardano to the rising roster of altcoin ETF functions going through regulatory delays, because the company continues to take a cautious strategy towards approving new crypto funding merchandise.

If accredited, the Cardano ETF would permit traders to entry ADA by means of a regulated automobile, eliminating the necessity to maintain the cryptocurrency immediately.

What do these delays inform us concerning the SEC?

The SEC’s newest delay has fueled hypothesis about how an eventual approval or denial might form Cardano’s market trajectory.

In reality, BlackRock has not but sought a Cardano ETF; its present Bitcoin [BTC] and Ethereum [ETH] merchandise have already attracted billions in inflows and lifted market costs.

If BlackRock pursued an ADA-backed product, the token might rally towards $1.20, primarily based on Fibonacci extension ranges.

For Cardano, the end result of this assessment carried important weight.

A greenlight would mark a significant step in boosting ADA’s accessibility for mainstream traders by means of conventional brokerages.

On high of that, rising institutional recognition is already evident, with Cardano not too long ago climbing in Grayscale’s asset rankings.

In contrast, a rejection could be a setback for Grayscale and different companies looking for regulated publicity to the cryptocurrency.

The SEC emphasised that the extension is meant to supply extra time for a complete analysis of the proposal, echoing its cautious stance towards different crypto-related functions.

Evidently, this isn’t an remoted case.

Different altcoin ETFs which might be getting postponed

Alongside Cardano, the regulator has additionally delayed its choices on the Canary PENGU and WisdomTree Ripple [XRP] ETFs, each of which are actually slated for a ruling by the twelfth of October.

By then, the SEC should both approve, reject, or provoke formal disapproval proceedings.

Markets react, however optimism glints below Atkins

The ripple results of the SEC’s cautious stance are already being felt available in the market.

ADA slipped 5.15% to $0.8389, XRP dropped 1.73% to $2.91, and PENGU fell 5.59% to $0.03054 over the previous 24 hours, in keeping with CoinMarketCap.

Ripple’s August 2025 authorized win cleared the way in which for brand spanking new spot ETF filings from Grayscale and Franklin Templeton. Nonetheless, the trail ahead remained unsure.

Below new SEC Chair Paul Atkins, and with crypto laws on the horizon, optimism for approval rose. But dangers remained.