The US Securities and Change Fee (SEC) has pushed again its determination on a proposed spot Solana exchange-traded fund (ETF), with the cryptocurrency trade 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 Change (NYSE) to October 2025, in keeping with a Might 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 Might 5 X post.
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 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 might enhance Solana’s institutional adoption in the long run by providing traders a “regulated funding car” which will nonetheless appeal to billions of {dollars} in capital, Ryan Lee, chief analyst at Bitget Analysis, advised Cointelegraph.
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Regardless of the newest delay by the SEC, nearly all of traders are optimistic in regards to the approval of a SOL ETF earlier than the top of 2025.
Buyers are predicting an 82% likelihood for a SOL ETF approval and an 80% likelihood for a Litecoin ETF approval earlier than the top of the yr, in keeping with information 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, according to a court docket 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.
Nevertheless, these decisions may additionally be delayed. The SEC sometimes takes full benefit of its 240-day evaluation 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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