{"id":129221,"date":"2025-05-14T11:18:22","date_gmt":"2025-05-14T11:18:22","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=129221"},"modified":"2025-05-14T11:18:22","modified_gmt":"2025-05-14T11:18:22","slug":"sec-delays-solana-etf-as-decisions-for-polkadot-xrp-loom","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=129221","title":{"rendered":"SEC delays Solana ETF as decisions for Polkadot, XRP loom"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsThe 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.<br \/>\nThe SEC pushed its decision on listing Grayscale\u2019s spot Solana (SOL) Trust ETF on the New York Stock Exchange (NYSE) to October 2025, according to a May 13 filing by the securities regulator.<br \/>\nDelay on Grayscale\u2019s Solana ETF. Source: SECThe decision came the week after the SEC delayed its ruling on Canary Capital\u2019s Litecoin (LTC) ETF, Bloomberg Intelligence analyst James Seyffart wrote in a May 5 X post.<br \/>\nSource: James SeyffartSpot ETFs are viewed as key drivers of liquidity and institutional adoption for digital assets. For Bitcoin (BTC), the US spot Bitcoin ETFs accounted for an estimated\u00a075% of new investment after launching, which helped BTC recapture the $50,000 mark in February 2024, a month after the ETFs debuted for trading.<br \/>\nWhile a\u00a0Solana ETF may\u00a0generate only 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.<br \/>\nRelated: Solana co-founder proposes meta chain to fix blockchain fragmentation<br \/>\nDespite the latest delay by the SEC, the majority of investors are optimistic about the approval of a SOL ETF before the end of 2025.<br \/>\nOdds of a Solana ETF approved by Dec. 31, 2025. Source: PolymarketInvestors 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, the largest decentralized betting platform.<br \/>\nRelated: $1B Bitcoin exits Coinbase in a day as analysts warn of supply shock<br \/>\nPolkadot, XRP, DOGE ETFs await SEC decision in June<br \/>\nSeveral other crypto ETF applications are approaching SEC deadlines in June.<br \/>\nThe SEC will decide on Grayscale\u2019s Polkadot (DOT) ETF by June 11, and 21Shares\u2019 Polkadot ETF on June 24, according to a court filing from the SEC.<br \/>\nOn June 17, the SEC is set to make a decision on Franklin Templeton\u2019s spot XRP (XRP) ETF and Bitwise\u2019s spot Dogecoin (DOGE) ETF, official filings show.<br \/>\nHowever, 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) ETF applications in 2023 and 2024.<br \/>\nMagazine: Metric signals $250K Bitcoin is \u2018best case,\u2019 SOL, HYPE tipped for gains: Trade Secrets<a href=\"https:\/\/cointelegraph.com\/news\/sol-ltc-etf-delayed-polkadot-xrp-etfs-june-deadline?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsThe 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&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/129221"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=129221"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/129221\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=129221"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=129221"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=129221"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}