The US Securities and Trade Fee (SEC) has pushed again its determination on a proposed spot Solana exchange-traded fund (ETF), with the cryptocurrency business now seeking to the deadlines for the Polkadot and XRP-based ETFs in June.
The SEC pushed its determination on itemizing Grayscale’s spot Solana (SOL) Belief ETF on the New York Inventory Trade (NYSE) to October 2025, in line with a Could 13 submitting by the securities regulator.
The choice got here the week after the SEC delayed its ruling on Canary Capital’s Litecoin (LTC) ETF, Bloomberg Intelligence analyst James Seyffart wrote in a Could 5 X put up.
Spot ETFs are considered as key drivers of liquidity and institutional adoption for digital property. For Bitcoin (BTC), the US spot Bitcoin ETFs accounted for an estimated 75% of recent funding after launching, which helped BTC recapture the $50,000 mark in February 2024, a month after the ETFs debuted for buying and selling.
Whereas a Solana ETF might generate solely a fraction of the inflows of Bitcoin ETFs, it might improve Solana’s institutional adoption in the long run by providing traders a “regulated funding automobile” that will nonetheless appeal to billions of {dollars} in capital, Ryan Lee, chief analyst at Bitget Analysis, instructed Cointelegraph.
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Regardless of the newest delay by the SEC, the vast majority of traders are optimistic concerning the approval of a SOL ETF earlier than the tip of 2025.
Traders are predicting an 82% likelihood for a SOL ETF approval and an 80% likelihood for a Litecoin ETF approval earlier than the tip of the 12 months, in line with knowledge from Polymarket, the biggest decentralized betting platform.
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Polkadot, XRP, DOGE ETFs await SEC determination in June
A number of different crypto ETF purposes are approaching SEC deadlines in June.
The SEC will determine on Grayscale’s Polkadot (DOT) ETF by June 11, and 21Shares’ Polkadot ETF on June 24, in line with a court docket submitting from the SEC.
On June 17, the SEC is ready to decide on Franklin Templeton’s spot XRP (XRP) ETF and Bitwise’s spot Dogecoin (DOGE) ETF, official filings present.
Nevertheless, these choices might also be delayed. The SEC usually takes full benefit of its 240-day overview interval when evaluating crypto-related monetary merchandise, as seen in its dealing with of the Bitcoin and Ether (ETH) ETF purposes in 2023 and 2024.
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