Cardano News Update: SEC's ETF Deadlock Casts Uncertainty on Altcoin Rebound

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Cardano News Update: SEC's ETF Deadlock Casts Uncertainty on Altcoin Rebound

Bitget-RWA2025/10/27 12:20

By:Bitget-RWA

- SEC's delayed approval of 150+ altcoin ETFs has stifled institutional interest in non-Bitcoin cryptos, with Solana (23 filings) and XRP (20) leading applications. - Prolonged regulatory limbo risks liquidity crunch as altcoin inflows fall below $100B, while Bitcoin's 60% dominance limits altcoin price recoveries. - Cardano and Sui show optimism with 77% ETF approval odds and Coinbase staking updates, but 16 crypto firms face OCC bank license hurdles amid traditional banking resistance. - Bitcoin ETFs out

Cardano News Update: SEC's ETF Deadlock Casts Uncertainty on Altcoin Rebound image 0

According to

a Coinotag report

, the U.S. Securities and Exchange Commission’s extended evaluation of more than 150 altcoin ETF proposals has cooled institutional interest in cryptocurrencies beyond Bitcoin. With

Solana

(SOL) leading with 23 submissions, and Ripple (XRP) and

Ethereum

(ETH) following with 20 and 10 applications, the crypto sector is preparing for possible liquidity shortages as approvals remain on hold due to the ongoing government shutdown.

The SEC’s slow response has left the market in a state of regulatory uncertainty, with major spot ETFs for Solana and

XRP

missing their October deadlines, as reported by

a Yahoo Finance report

. This ambiguity has coincided with a drop in altcoin exchange inflows and overall liquidity falling below $100 billion—a level not seen since July 2025—raising doubts about the market’s ability to sustain price rebounds. Bitcoin’s market share remains close to 60%, further limiting altcoin growth, as investors hesitate to commit funds to higher-risk assets without clear regulatory guidance.

Despite the lack of progress, some projects continue to inspire confidence.

Cardano

(ADA) and XRP have maintained strong backing, with

prediction markets

giving Cardano a 77% chance of ETF approval by the end of the year. Still, experts such as Andrew Jacobson, former legal chief at 21Shares, warn that traditional investors may prefer broad index funds over single-asset products, due to the complexities of individual altcoins. This perspective is reflected in the 10 issuers seeking approval for multi-asset, basket-style ETFs.

The

Sui

blockchain has recently attracted attention, as

a 21Shares update

to its ETF application now includes staking services managed by Coinbase. The revised filing, which also proposes a Nasdaq listing, has pushed SUI’s price up by 2.5% to $2.47, signaling renewed institutional interest in yield-focused crypto offerings. At the same time,

Bitcoin

ETFs continue to lead, with $20.33 million in inflows on October 23, while Ethereum ETFs saw $127.51 million in outflows.

Market watchers are monitoring liquidity patterns closely, as historical trends show that drops in liquidity often align with Bitcoin consolidations that drag altcoins down. For instance, in the first quarter of 2025, stablecoin inflows were cut in half, which matched a 30% decline in Bitcoin’s price from $109K to $70K. Although the second quarter brought a brief recovery, lifting Bitcoin to $126K, the current situation remains unstable, with analysts stressing that a recovery led by Ethereum could be crucial for altcoins.

The regulatory environment continues to be contentious. More than 16 crypto companies have sought national trust bank charters from the Office of the Comptroller of the Currency (OCC), but only one has succeeded, as traditional banks lobby against crypto custody models. This opposition highlights ongoing concerns about compliance and risk, making it even harder for altcoin ETFs to gain momentum.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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