U.S. Regulators Once Again Delay Action on a Proposed Solana Exchange-Traded Fund

The U.S. Securities and Exchange Commission (SEC) has opted to postpone its decision on a Solana (SOL) exchange-traded fund (ETF), further delaying any potential approval until the last quarter of 2025.

The SEC’s action follows a similar delay on a Litecoin (LTC) ETF earlier this week, both set to expire on August 12.

The agency’s decision to defer Grayscale’s application comes as the SEC continues to show caution around digital asset funds beyond Bitcoin (BTC) and Ethereum (ETH).

The latest postponements mark the third time the SEC has used the maximum 240-day review window for a crypto ETF since last year.

Despite the setbacks, optimism remains, with prediction markets like Polymarket showing over 80% confidence in both Solana and Litecoin ETFs being approved by year’s end.

Solana ETFs: A Key Milestone for Altcoins

While Solana ETFs are unlikely to generate the same massive capital inflows as Bitcoin ETFs—which saw BTC soar past $50K—analysts like Bitget’s Ryan Lee highlight that even moderate institutional interest could translate into billions of dollars in AUM.

The SEC’s decision on several additional ETF applications tied to Polkadot (DOT), XRP, and Dogecoin (DOGE) are also expected in June. However, given the SEC’s track record, it appears more likely that we’ll see further delays.