SEC Delays Decisions on Crypto Spot ETFs as Franklin Templeton Files for Solana Fund

The regulatory agency postpones rulings on multiple cryptocurrency ETFs, while Franklin Templeton seeks approval for a Solana-focused fund.

The SEC has delayed decisions on several cryptocurrency spot ETFs, including those for Solana, XRP, Dogecoin, and Litecoin.
Franklin Templeton has submitted a new application for a spot Solana ETF, following its recent filing for an XRP ETF.
The SEC's decision timelines for these ETFs can extend up to 240 days, with final rulings potentially expected by October 2025.
Spot Bitcoin ETFs, approved 14 months ago, have seen significant success, managing nearly $100 billion in assets, driving interest in altcoin ETFs.
Market analysts suggest a relatively high likelihood of eventual approval for these ETFs despite the regulatory delays.