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

Necessary assortment eating places

The SEC has postponed its evaluation of the Cardano ETF till 26 October, which extends delays on a number of Altcoin merchandise. Ada, XRP and Pengu proceed to really feel the strain of regulatory delays.

The US Securities and Alternate Fee (SEC) has as soon as once more revised the proposed Cardano [ADA] Alternate Traded Fund (ETF).

It extended The choice -making interval from 27 August to 26 October 2025.

The transfer provides Cardano to the rising schedule of Altcoin ETF functions which might be confronted with authorized delays, as a result of the company continues to comply with a cautious strategy to approve new crypto funding merchandise.

If authorised, the Cardano ETF would allow traders to get entry to ADA by way of a regulated automobile, which eliminates the necessity to instantly retain the cryptocurrency.

What do these delays inform us in regards to the SEC?

The final delay within the SEC has fueled hypothesis on how a ultimate approval or refusal might be the Cardano market trajectory.

BlackRock has not even searched Cardano ETF but; its present bitcoin [BTC] and Ethereum [ETH] Merchandise have already attracted billions in influx and lifted market costs.

If BlackRock would comply with an ADA-stundering product, it might accumulate token to $ 1.20, based mostly on Fibonacci extension ranges.

For Cardano, the end result of this evaluation was significantly weighted.

A Greenlight would mark an necessary step in stimulating the accessibility of ADA for normal traders via conventional brokers.

Furthermore, the rising institutional recognition is already clear, with Cardano lately climbing within the Grayscale rating.

A rejection, however, could be a setback for shadows of grey and different corporations that search for regulated publicity to the cryptocurrency.

The SEC emphasised that the extension is meant to supply extra time for an intensive analysis of the proposal, which is echoing its cautious angle following different crypto-related functions.

Evidently that this isn’t an remoted matter.

Different Altcoin ETFs which might be postponed

Along with Cardano, the regulator has additionally delayed his selections in regards to the Canary Pengu and Wisdomtree Ripple [XRP] ETFs, each of which are actually deliberate for a press release by 12 October.

By that point, the SEC should approve, reject or provoke formal disapproval procedures.

Markets reply, however optimism glints below Atkins

The wrinkle results of the cautious angle of the SEC have already been felt out there.

Ada slide 5.15% to $ 0.8389, XRP drop 1.73% to $ 2.91 and Pengu fell 5.59% to $ 0.03054 within the final 24 hours, in keeping with Coinmarketcap.

Ripple’s authorized victory of August 2025 knew the best way for brand spanking new spot ETF archives from Grayscale and Franklin Templeton. Nonetheless, the trail frontward remained unsure.

Beneath the brand new SEC chairman Paul Atkins, and with crypto legal guidelines on the horizon, optimism for approval rose. But there have been dangers.