I’ve been keeping an eye on the news about the Cardano ETF, and it seems like the U.S. government shutdown has put everything on the brakes. The SEC practically doesn’t move when the government is paralyzed, so all those ETF requests we expected to be resolved this week are now on standby.

What’s interesting is that despite this delay, the market is still quite optimistic. On Polymarket, the probability of approval for the Cardano ETF is 77%, which says a lot about the confidence investors have. Clearly, investors believe this will eventually get resolved.

Analysts say that once this political stalemate is lifted, we’ll probably see a batch of ETF approvals arrive all at once. But for now, we just have to wait. The timing is still an unknown, but the expectation that the Cardano ETF will ultimately be approved seems pretty solid among traders.