The US SEC has delayed decisions on two Grayscale exchange-traded fund (ETF) applications. Investors will have to wait longer for a spot Avalanche and Cardano ETF, with the SEC continuing its streak of delays. SEC Delays Grayscale’s Avalanche & Cardano ETFs According to an SEC release, the Commission confirmed its decision to push back its decision on Grayscale’s Avalanche and Cardano ETFs. Per the release, the SEC is opting to delay Grayscale’s attempt to convert its Avalanche Trust into a spot ETF review. On the other hand, the SEC says it requires more time to probe the viability of Grayscale’s Cardano ETF filing. Grayscale filed for an ADA ETF early in the year, with the SEC acknowledging the filing, effectively launching a 240-day review period. As the first decision deadline inched closer, Cardano ETF approval odds reached an all-time high. Decentralized prediction market platform Polymarket pegged the odds at 71%… Read More at Coingape.com
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