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The US Securities and Trade Fee (SEC) has pushed again its resolution 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 resolution on itemizing Grayscale’s spot Solana (SOL) Belief ETF on the New York Inventory Trade (NYSE) to October 2025, in keeping with a Could 13 filing 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 post.
Spot ETFs are seen as key drivers of liquidity and institutional adoption for digital belongings. For Bitcoin (BTC), the US spot Bitcoin ETFs accounted for an estimated 75% of new investment 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 may generate solely a fraction of the inflows of Bitcoin ETFs, it may improve Solana’s institutional adoption in the long run by providing traders a “regulated funding car” that will nonetheless entice billions of {dollars} in capital, Ryan Lee, chief analyst at Bitget Analysis, instructed Cointelegraph.
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Regardless of the most recent delay by the SEC, the vast majority of traders are optimistic in regards to 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 yr, in keeping with information from Polymarket, the most important decentralized betting platform.
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Polkadot, XRP, DOGE ETFs await SEC resolution in June
A number of different crypto ETF functions are approaching SEC deadlines in June.
The SEC will resolve on Grayscale’s Polkadot (DOT) ETF by June 11, and 21Shares’ Polkadot ETF on June 24, according to a courtroom submitting from the SEC.
On June 17, the SEC is about to decide on Franklin Templeton’s spot XRP (XRP) ETF and Bitwise’s spot Dogecoin (DOGE) ETF, official filings present.
Nonetheless, these selections might also be delayed. The SEC usually takes full benefit of its 240-day evaluate interval when evaluating crypto-related monetary merchandise, as seen in its dealing with of the Bitcoin and Ether (ETH) ETF functions in 2023 and 2024.
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