On August 25, 2025, the U.S. SEC postponed decisions on applications for ETFs based on PENGU and Cardano, indicating ongoing regulatory caution.
Delayed SEC Decisions on ETFs
The SEC has continued its practice of deferring decisions, with no final judgment issued on Canary spot PENGU ETF and Grayscale spot Cardano ETF applications, reflecting a cautious approach to ETFs, especially those centered around newer digital assets.
Impact on Market Sentiment
The delay has led to increased uncertainty in the market, affecting sentiment and resulting in anticipated price fluctuations for highlighted assets like Cardano, PENGU, and Solana. Experts point out that this may prompt asset managers to reassess their strategies for engaging with regulated financial products.
Historical SEC Decisions and Their Consequences
Historical trends indicate that SEC postponements can trigger price volatility for assets, particularly those related to altcoin ETFs like Cardano and PENGU. Current price data indicates that PENGU is valued at $0.03, with a market cap of $1,879,138,007.69 and a trading volume of $506,955,854.24 over the past 24 hours, representing a change of -12.65%.
The SEC's decision to postpone reflects the ongoing challenges in gaining regulatory acceptance for cryptocurrency ETFs, which may have long-term implications for market dynamics.
