2025-16442Notice

SEC Extends Review Time for Grayscale Cardano Trust Trading Approval

Published Date: 8/28/2025

Notice

Summary

The SEC is taking more time to decide if NYSE Arca can list and trade shares of the Grayscale Cardano Trust (ADA), a new crypto-based investment. This affects investors interested in ADA shares and could impact when these shares become available to trade. The decision delay means folks should stay tuned for updates before buying or selling ADA on the exchange.

Analyzed Economic Effects

1 provisions identified: 0 benefits, 1 costs, 0 mixed.

SEC Delays Decision on ADA Listing

If you plan to buy or sell Grayscale Cardano Trust (ADA) shares on NYSE Arca, the SEC extended its decision deadline to October 26, 2025. The SEC added 60 days beyond the original August 27, 2025 deadline to decide whether to approve or disapprove listing and trading of ADA shares.

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Key Dates

Published Date
Effective Date
8/28/2025
10/26/2025

Department and Agencies

Department
Independent Agency
Agency
Securities and Exchange Commission
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