Procrastination isn’t just for college students and people with cable bills—it’s alive and thriving at the headquarters of the US Securities and Exchange Commission. Once again, the SEC has looked at its calendar, shrugged, and decided maybe later, sweetie, pushing off any real decision-making for a Solana exchange-traded fund (ETF) like it’s that dentist appointment you keep rescheduling. Theoretically, we’ll circle back for a possible answer in October 2025. That’s almost enough time to learn how Solana works, then forget, and re-learn it all again.
In a May 13 filing, they postponed Grayscale’s spot Solana (SOL) Trust ETF debut for the New York Stock Exchange, which is a bummer if you like excitement and upward-moving charts. If you like paperwork, though—oh boy, you’re eating good.
And, in true SEC style, they didn’t stop there. The week before, they also slammed the snooze button on Canary Capital’s Litecoin ETF—the financial equivalent of leaving people on read. Bloomberg’s James Seyffart broke the news on X (formerly known as “all my free time”).
Why do people keep asking the SEC for spot ETFs anyway? Supposedly, these funds lure big-money investors and shine up crypto’s reputation, like putting lipstick on a blockchain pig. In Bitcoin’s case, the new spot ETFs managed to draw in three-quarters of post-launch investments. Allegedly, this helped Bitcoin hit $50,000 in early 2024, though it’s never clear whether to credit the ETF or just irrational exuberance (aka “number go up” fever).
And now? Solana devotees are crossing their fingers that a maybe-possibly-kinda regulated ETF could someday attract real cash, even if it can’t summon Bitcoin-level excitement. According to Ryan Lee, Bitget’s chief analyst and patron saint of optimism, even a sliver of institutional interest would be a win. Lee shared with CryptoMoon (not a NASA podcast, surprisingly) that big players might shovel billions into SOL—eventually. Maybe. Unless they don’t.
Yet the crypto crowd is nothing if not delusionally upbeat. Despite the regulatory equivalent of “I’ll get back to you,” Polymarket punters have the odds at 82% for a Solana ETF and 80% for a Litecoin ETF before 2025 folds. Never bet against the house, unless the house is betting the SEC will actually finish something on time. 😬
Place your bets, place your bets—because why stop at Solana? June is turning into a crypto slot machine: waiting in line are Polkadot, XRP, and for the sweet meme aficionados, Dogecoin. (If the SEC lets a DOGE ETF through before Solana, we can only assume the world is ending—or their intern pressed the wrong button.)
Here’s how the summer break looks:
- Grayscale’s Polkadot (DOT) ETF: Some nail-biting before June 11.
- 21Shares’ Polkadot ETF: Same but make it June 24 because suspense builds character.
- Franklin Templeton’s spot XRP ETF and Bitwise’s spot Dogecoin ETF: Scheduled for June 17, but, if history is any guide, don’t hold your breath unless you’re auditioning for “The Little Mermaid.”
But don’t bet your whole meme stash yet—the SEC loves stretching its legally allotted 240-day consideration window to a season finale cliffhanger. We’ve already watched this show with Bitcoin and Ethereum, and somehow it just keeps getting renewed for another season. To sum up: hurry up and wait, then wait some more. 🍿
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2025-05-14 13:54