Grayscale Cardano Trust and Tuttle Capital 2X Cardano haved filed for ETF to SEC
The US government shutdown is causing more delay in ETF approval
The U.S. Securities and Exchange Commission (SEC) is reviewing multiple crypto spot ETF applications. After it approved the generic listing standards in September, the odds of approval have surged. Now, crypto asset management funds are awaiting their approval for Solana, XRP, Dogecoin, and Cardano ETFs.
List of ADA ETFs Filing
Grayscale Cardano Trust
- It filed the necessary S-1 registration and a prior 19b-4 form with the SEC for the ADA ETF. But the 19b-4 is no longer needed, as the agency removed the requirement.
- It is planning to launch with the ticker GADA and list on the NYSE Arca. This move shows that the fund is expanding its altcoin RETF beyond Bitcoin and Ethereum.
- First deadline was scheduled for: April 11, 2025; second deadline: May 26, 2025; third deadline: August 21, 2025. Now, after three delays, its final deadline is set for October 23, 2025.
- It filed the ETF application on January 28, 2025, under the 1940 Act. It recently changed its final deadline, which was originally set for April 13, 2025.
- The fund filed a Post-Effective Amendment under SEC Rule 485, officially setting October 10, 2025, as the new effective date for its ETF listing.
Why is the SEC Delaying ETF Approval?
In mid-2025, the Commission said it required more time to review the application thoroughly before approving. This was the prime reason for delaying the applications. But now that the deadline has reached its final date, the US government shutdown has led the agency to operate with limited staff. This has caused more delay in the crypto ETFs.
What Are Experts Saying About It?
Many experts showed their enthusiasm as the ETF applications neared their final deadline in October. But since the government announced the shutdown, they advised the crypto users to buckle up for more delays.
President at NovaDius Wealth Management, Nate Geraci said, “Looks like a prolonged government shutdown would definitely impact the launch of new spot crypto ETFs. ETF Cryptober might be on hold for a bit. From the SEC’s “Operations Plan Under a Lapse in Appropriations & Government Shutdown.”
Never Miss a Beat in the Crypto World!
Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.
FAQs
No, a Cardano ETF is not yet approved. The SEC is currently reviewing multiple applications, with final deadlines set for October 2025.
The SEC has cited needing more time for review. A recent U.S. government shutdown has further delayed the process by forcing the agency to operate with limited staff.
The final deadlines for key Cardano ETF applications are in October 2025, though these dates could be subject to further delays by the SEC.
Trust with CoinPedia:
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
Investment Disclaimer:
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored and Advertisements:
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.