- The SEC delayed the decision of Solana ETF of Solana ETF until October 2025.
- More than 80% of investors expect Solana and Litecoin ETF to be approved by the end of the year.
The American Securities and Exchange (SEC) commission delayed its decision on the SPOT of Grayscale Solana (Sol) ETF. The new deadline was pushed until October 2025, according to a Dated deposit May 13. The request aims to enroll the FNB on the New York Stock Exchange (NYSE).
This decision reflects the long -standing practice of the dry to use the complete 240 -day exam period. This decision follows a recent delay in examination by the Litecoin ETF agency of Canary Capital. Meanwhile, investors are looking at near other Crypto ETF proposals. Decisions on FNB for Polkadot (DOT), XRP and Dogecoin (DOGE) are all due in June.
ETF approval ratings remain high
Grayscale first deposited the FNB Solana earlier this year. The company hopes to provide regulated exposure to one of the most efficient layer 1 networks in crypto. The FNB spots offer a direct link with the active real -time market price. These instruments are widely considered crucial for institutional adoption.
For example, the FNB Bitcoin Spot saw massive entries after their approval at the beginning of 2024. They pushed Bitcoin over $ 50,000 in a month. Although Solara Cannot attract the demand for Bitcoin level, analysts expect the FNB could unlock billions of capital. Ryan Lee of Bitget noted that an Solana ETF could stimulate long -term institutional adoption.
Despite the delay, the feeling of investors remains positive. The Polymarket prediction market assigns a probability of approval of 82% for Solana ETF by the end of the year. He also gives Litecoin FNB a chance of approval of 80% by December. These figures show confidence in regulatory progress.
The dry is Preparation now For a critical series of ETF decisions in June. The Polkadot ETF de Graycale is due on June 11. The XRP ETF of Franklin Templeton and Bitwise Bitwise FNB are both deadlines in June. Another 21Shares Polkadot ETF is set for June 24. However, analysts expect other delays. The dry has constantly opted for prudent and extended assessments.
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Sindhu
Hispsy crypto writer with great interest in providing new ideas and the latest updates in cryptographic space. Enthusiastic about the idea of ​​translating complex crypto concepts into clear and usable information for readers.
