The US SEC has delayed selections on two Grayscale exchange-traded fund (ETF) functions. Traders must wait longer for a spot Avalanche and Cardano ETF, with the SEC persevering with its streak of delays. SEC Delays Grayscale’s Avalanche & Cardano ETFs In keeping with an SEC launch, the Fee confirmed its determination to push again its determination on Grayscale’s Avalanche and Cardano ETFs. Per the discharge, the SEC is opting to delay Grayscale’s try to convert its Avalanche Belief right into a spot ETF overview. Alternatively, the SEC says it requires extra time to probe the viability of Grayscale’s Cardano ETF submitting. Grayscale filed for an ADA ETF early within the yr, with the SEC acknowledging the submitting, successfully launching a 240-day overview interval. As the primary determination deadline inched nearer, Cardano ETF approval odds reached an all-time excessive. Decentralized prediction market platform Polymarket pegged the chances at 71%… Read More at Coingape.com
The put up Breaking: US SEC Delays Decision On Grayscale Avalanche & Cardano ETFs appeared first on CoinGape.