Despite a new delay by the U.S. Securities and Exchange Commission (SEC), investors remain confident that a Solana ETF approval will come by the end of 2025.
SEC Delays Solana and Litecoin ETF Decisions
On May 13, the SEC announced that it would postpone its decision on Grayscale’s proposed spot Solana Trust ETF. The new decision deadline is now set for October 2025. If approved, the ETF would list on the New York Stock Exchange (NYSE).
Just a week earlier, the SEC also delayed a ruling on Canary Capital’s Litecoin ETF, according to Bloomberg analyst James Seyffart.
While the delays are disappointing to some, most investors see them as procedural and expected. The SEC is known for using the full 240-day review window when it comes to crypto-based ETFs.
ETFs Could Boost Institutional Adoption
Spot ETFs are critical for wider adoption of digital assets. The U.S. spot Bitcoin ETFs, for example, accounted for roughly 75% of new capital inflows in early 2024. This surge helped Bitcoin break past $50,000 in February.
Although a Solana ETF may not draw the same volume as Bitcoin’s, experts believe it would still have a huge impact on Solana’s institutional appeal. Ryan Lee, chief analyst at Bitget Research, noted that a regulated ETF could attract billions in long-term investment.
Market Expects Approvals in 2025
Investor sentiment is clearly bullish. According to prediction market Polymarket, there’s an 82% chance that a Solana ETF will get the green light this year. The odds for Litecoin ETF approval sit at around 80%.
The confidence suggests that investors believe the SEC’s delays are temporary setbacks, not final rejections.
June Deadlines Loom for More Crypto ETFs
Several other crypto ETF applications face decisions next month:
- June 11: Grayscale’s Polkadot ETF
- June 17: Franklin Templeton’s XRP ETF and Bitwise’s Dogecoin ETF
- June 24: 21Shares’ Polkadot ETF
However, delays are still likely. The SEC took its time reviewing both Bitcoin and Ether ETFs in 2023 and 2024, often extending decisions to the maximum review period.
Final Thoughts
While the SEC continues to slow-walk decisions, the crypto ETF market is heating up. Investor confidence in a Solana ETF approval shows strong momentum behind mainstream crypto adoption.
The coming months could be pivotal for digital assets like Solana, Litecoin, and Polkadot as regulators weigh their potential role in traditional finance.
