{"id":26695,"date":"2025-05-14T10:17:50","date_gmt":"2025-05-14T10:17:50","guid":{"rendered":"https:\/\/dogewisperer.com\/sec-delays-solana-etf-as-decisions-for-polkadot-xrp-loom\/"},"modified":"2025-05-14T10:17:50","modified_gmt":"2025-05-14T10:17:50","slug":"sec-delays-solana-etf-as-decisions-for-polkadot-xrp-loom","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=26695","title":{"rendered":"SEC delays Solana ETF as decisions for Polkadot, XRP loom"},"content":{"rendered":"
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\"SEC<\/p>\n

The US Securities and Exchange Commission (SEC) has pushed back its decision on a proposed spot Solana exchange-traded fund (ETF), with the cryptocurrency industry now looking to the deadlines for the Polkadot and XRP-based ETFs in June.<\/p>\n

The SEC pushed its decision on listing Grayscale\u2019s spot Solana (SOL<\/a>) Trust ETF on the New York Stock Exchange (NYSE) to October 2025, according to a May 13 filing<\/a> by the securities regulator.<\/p>\n

\"SEC
Delay on Grayscale\u2019s Solana ETF. Source: <\/em>SEC<\/em><\/a><\/figcaption><\/figure>\n

The decision came the week after the SEC delayed its ruling on Canary Capital\u2019s Litecoin (LTC<\/a>) ETF, Bloomberg Intelligence analyst James Seyffart wrote in a May 5 X post<\/a>.<\/p>\n

\"SEC
Source: James <\/em>Seyffart<\/em><\/a><\/figcaption><\/figure>\n

Spot ETFs are viewed as key drivers of liquidity and institutional adoption for digital assets. For Bitcoin (BTC<\/a>), the US spot Bitcoin ETFs accounted for an estimated\u00a075% of new investment<\/a> after launching, which helped BTC recapture the $50,000 mark in February 2024, a month after the ETFs debuted for trading.<\/p>\n

While a\u00a0Solana ETF may<\/a>\u00a0only generate a fraction of the inflows of Bitcoin ETFs, it could increase Solana\u2019s institutional adoption in the long term by offering investors a \u201cregulated investment vehicle\u201d that may still attract billions of dollars in capital, Ryan Lee, chief analyst at Bitget Research, told Cointelegraph.<\/p>\n

Related: <\/strong><\/em>Solana co-founder proposes meta chain to fix blockchain fragmentation<\/strong><\/em><\/a><\/p>\n

Despite the latest delay by the SEC, the majority of investors are optimistic about the approval of a SOL ETF before the end of 2025.<\/p>\n

\"SEC
Odds of a Solana ETF approved by Dec. 31, 2025. Source: Polymarket<\/em><\/figcaption><\/figure>\n

Investors are predicting an 82% chance for a SOL ETF approval and an 80% chance for a Litecoin ETF approval before the end of the year, according to data from Polymarket<\/a>, the largest decentralized betting platform.<\/p>\n

Related: <\/strong><\/em>$1B Bitcoin exits Coinbase in a day as analysts warn of supply shock<\/strong><\/em><\/a><\/p>\n

Polkadot, XRP, DOGE ETFs await SEC decision in June<\/h2>\n

Several other crypto ETF applications are approaching SEC deadlines in June. <\/p>\n

The SEC will decide on Grayscale\u2019s Polkadot (DOT<\/a>) ETF by June 11, and 21Shares\u2019 Polkadot ETF on June 24, according<\/a> to a court filing from the SEC.<\/p>\n

On June 17, the SEC is set to make a decision on Franklin Templeton\u2019s spot XRP (XRP<\/a>) ETF and Bitwise\u2019s spot Dogecoin (DOGE<\/a>) ETF, official filings<\/a> show.<\/p>\n

However, those decisions may also be delayed. The SEC typically takes full advantage of its 240-day review period when evaluating crypto-related financial products, as seen in its handling of the Bitcoin and Ether (ETH<\/a>) ETF applications in 2023 and 2024. <\/p>\n