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I just saw that the U.S. government shutdown is stalling everything in the cryptocurrency market. The SEC is practically not moving, so all the decisions about the Cardano ETF that we expected this week are on hold. It seems that Cardano is not the only one affected; XRP is also in the same situation.
The interesting thing is that despite this delay, confidence in the Cardano ETF remains quite strong in the market. I’ve seen that on Polymarket, the approval probability is around 77%, which is a pretty solid number considering the circumstances.
Analysts say that once this political deadlock is resolved, we will probably see a flow of ETF approvals. But honestly, no one knows exactly when that will happen. For now, we just have to wait for the government to start functioning normally again so that the SEC can continue reviewing these Cardano ETF applications.