SEC Delays Decision on franklin Solana Spot ETF
The U.S. Securities and Exchange Commission (SEC) has postponed its decision on Franklin Templeton’s Solana spot ETF request. Regulatory filings on September 10 confirmed this delay.
This is not unusual, as the SEC has extended reviews on other multiple crypto ETFs recently, including Litecoin and XRP. The new deadline is now set for November 14, 2025.
Why the Delay?
The regulator cited the need for a thorough review process. This extends the previous deadline from an earlier review cycle initiated in May. Franklin Templeton initially filed the application in February and received recognition in March.
- Postponement affects around 90 pending crypto ETF approvals.
- Analysts predict potential approval for several other altcoin ETFs, possibly in October.
Impact on Solana Price?
Solana, gaining attention for its DeFi ecosystem, could see significant price movement tied to regulatory news like this. The token soared in value after its S-1 filings were recognized by the SEC.
Despite challenges, market analysts believe that increased attention on Solana and other altcoins through ETFs could boost their appeal and value.
