
SEC Extends Scrutiny on Altcoin ETFs, Pushing PENGU and Cardano Decisions to Q4 2025
The U.S. Securities and Exchange Commission (SEC) is applying the brakes on the expansion of crypto-based exchange-traded funds beyond Bitcoin, postponing its decisions on two highly anticipated altcoin products. Filings released on August 25 confirm that verdicts for the Canary Spot PENGU ETF and Grayscale’s Spot Cardano ETF have been