US SEC Delays Solana ETF Decision to October 2025
The U.S. Securities and Exchange Commission (SEC) has delayed the decision on Grayscale Investments' spot Solana ETF until October 2025. This follows a similar delay for Canary Capital's Litecoin ETF application.
- Speculation arises about potential delays for upcoming SEC reviews of ETFs for XRP, Dogecoin, and Polkadot in June.
- Spot crypto ETFs are crucial for institutional adoption and liquidity; the launch of a Bitcoin ETF brought significant inflows to the market.
- Solana ETFs could enhance institutional involvement in its ecosystem despite attracting smaller capital compared to Bitcoin ETFs.
- Analysts predict an 82% probability of approval for Solana ETFs by December 31, according to Polymarket.
- Solana's price increased by 3.52%, reaching $180, reflecting positive market trends.
In June, the SEC will decide on:
- Grayscale’s Polkadot ETF by June 11
- 21Shares’ Polkadot ETF by June 24
- Franklin Templeton’s XRP ETF on June 17
- Bitwise’s Dogecoin ETF on June 17
Delays are possible as the SEC frequently utilizes the full 240-day review period for crypto-related products.