SEC Delays Franklin Solana ETF Decision to November 2025

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The U.S. Securities and Exchange Commission, the true maestros of procrastination, have decided to grace the world with yet another delay in their decision regarding the Franklin Solana (SOL) exchange-traded fund. This new deadline has been set for November 14, 2025, as if their love for suspense wasn’t already well established.

As if April wasn’t enough of a cliffhanger, the SEC had initially postponed its decision to June, only to then engage in even more thrilling drama in mid-June by opening formal proceedings. And just when we thought it was over, they pulled out the masterstroke-setting the final countdown at 180 days, which was supposed to end on September 15. But wait! Hold on to your seats, because it’s now November 14. Who could have seen that coming?

In their typical regulatory charm, the SEC explained that they need to “carefully study the filing and its possible impact on investors.” Because why rush when you can spend years contemplating the fate of crypto dreams? Once November 14 arrives, they’ll have no more excuses to delay-either they’ll give it the green light, or they’ll make it a red light for Solana ETFs.

Of course, Franklin’s ETF proposal is not the only one under the SEC’s watchful gaze. Grayscale, VanEck, and 21Shares are also in the race, probably hoping the SEC will at least give them a courtesy glance while they delay the others. According to Bloomberg Intelligence, all these firms have updated their filings, as if that’s the magic recipe to get past the mighty SEC. A delay marathon, it seems, is what we’re in for. And October 10 marks the start of the real action when the SEC must decide on Grayscale’s Solana Trust. Will it be a game-changer? The analysts are on edge. Will the SEC apply the same standards, or will they make us wait just a little bit longer? Who’s to say?

Meanwhile, in the land of Solana, the price is up by a modest 2%. It’s now trading at $221, according to CoinMarketCap, because nothing gets a cryptocurrency enthusiast more excited than the words “pending approval” in the air. Optimism is buzzing around the ETF filings, and Bloomberg ETF analyst James Seyffart has a message for everyone: the “odds haven’t really changed much” on approval. But he’s sticking with his bold prediction: a 95% chance of Solana ETF approval by the end of 2025. Because why not, right?

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2025-09-11 00:28