U.S. SEC Delays Decision on Franklin Templeton’s Spot XRP and Solana ETFs: What Next?

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SEC’s Dilly-Dallying: Will They Ever Decide? 🤔

Ah, the illustrious United States Securities and Exchange Commission (SEC), that grand institution of indecision, has once again decided to put its feet up and delay the verdict on the Franklin XRP ETF and the Franklin Solana ETF. It seems they’ve summoned the public to share their thoughts on the proposed rule changes, giving us a delightful four-week window to ponder the mysteries of the universe—or at least the mysteries of ETFs.

When Will the SEC Approve Spot Solana ETFs? Or Will They Just Keep Us Guessing? 🤷‍♂️

According to the ever-astute James Seyffart, a sage of Bloomberg’s ETF realm, this delay was as shocking as finding a potato in a sack of potatoes. The SEC, in its infinite wisdom, has been postponing other altcoin spot ETF applications like a cat playing with a ball of yarn—entertaining, yet utterly unproductive.

Yet, as Coinpedia has reported (because who doesn’t love a good gossip?), the SEC has been engaging with fund managers seeking to offer spot Solana ETFs. Could it be that the odds of approval before the year’s end have risen? Perhaps! Or perhaps they’re just toying with our emotions like a child with a new toy. 🎢

“I wouldn’t be completely shocked if we see approvals for Solana ETFs in the next month or so. But I also wouldn’t be surprised if we have to wait until the final deadline in October. Timeline is unknown,” Seyffart noted, with the kind of optimism usually reserved for lottery winners.

Market Impact: Or How to Keep Everyone on Their Toes! 💃

The ongoing delay in the final decision for these altcoin spot ETFs is like a bad soap opera that just won’t end, further postponing the much-anticipated 2025 altseason. Meanwhile, the traditional crypto cash rotation from Bitcoin to altcoins has been disrupted by the approval of spot Bitcoin and Ethereum ETFs last year, leaving us all wondering if we should just invest in something more stable—like a rock.

But fear not! The SEC will eventually approve the spot Solana and XRP ETFs, especially after our neighbors to the north, Canada, decided to jump on the bandwagon with their first spot SOL ETF. Additionally, the demand for Solana by institutional investors has skyrocketed in the past year, led by the ever-ambitious SOL Strategies. Who knew finance could be this entertaining? 🎉

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2025-06-18 04:07