XRP News Today: SEC Delays Solana ETF Decision to October 2025

The US Securities and Exchange Commission (SEC) has delayed its decision on a proposed spot Solana exchange-traded fund (ETF), pushing the focus of the cryptocurrency industry to the upcoming deadlines for Polkadot and XRP-based ETFs in June. The SEC extended its decision on listing Grayscale’s spot Solana (SOL) Trust ETF on the New York Stock Exchange (NYSE) to October 2025, as indicated in a May 13 filing by the securities regulator. This delay follows a similar postponement of the SEC's ruling on Canary Capital’s Litecoin (LTC) ETF the previous week.

Spot ETFs are considered crucial for driving liquidity and institutional adoption of digital assets. For instance, US spot Bitcoin ETFs accounted for an estimated 75% of new investment after their launch, which helped Bitcoin (BTC) recapture the $50,000 mark in February 2024, a month after the ETFs began trading. While a Solana ETF may not generate the same level of inflows as Bitcoin ETFs, it could significantly boost Solana’s institutional adoption over the long term by providing investors with a regulated investment vehicle that could attract billions of dollars in capital. Ryan Lee, chief analyst at Bitget Research, highlighted this potential, noting that a Solana ETF could offer a regulated pathway for institutional investors to engage with the cryptocurrency.

Despite the recent delay by the SEC, a majority of investors remain optimistic about the approval of a SOL ETF before the end of 2025. According to data from Polymarket, the largest decentralized betting platform, investors 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. This optimism reflects the broader sentiment within the cryptocurrency community, which views ETF approvals as a significant step towards mainstream adoption.

Several other crypto ETF applications are also approaching SEC deadlines in June. The SEC is set to decide on Grayscale’s Polkadot (DOT) ETF by June 11 and 21Shares’ Polkadot ETF on June 24. Additionally, the SEC will make a decision on Franklin Templeton’s spot XRP (XRP) ETF and Bitwise’s spot Dogecoin (DOGE) ETF on June 17. However, these decisions may also be delayed, as 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.