More than 80% of investors remain confident that Solana and Litecoin ETFs will gain approval in 2025, even after the SEC’s latest postponement.
The U.S. Securities and Exchange Commission (SEC) has deferred its decision on the proposed spot Solana exchange-traded fund (ETF), with attention now turning to upcoming deadlines for ETF applications tied to Polkadot and XRP set for June.
According to a filing dated May 13, the SEC extended the timeline for reviewing Grayscale’s Solana Trust ETF listing on the New York Stock Exchange (NYSE) until October 2025.
Spot ETFs are widely regarded as crucial tools for boosting liquidity and encouraging institutional entry into the crypto market. For example, spot Bitcoin ETFs attracted roughly 75% of all new capital flowing into Bitcoin after their launch, helping BTC reclaim the $50,000 level by February 2024—just a month after trading began.
Although a Solana ETF may not draw as much capital as Bitcoin ETFs, it could still significantly boost long-term institutional interest in SOL by offering a regulated vehicle for investment, said Ryan Lee, chief analyst at Bitget Research, in an interview with Cointelegraph.
Despite the current delay, investor sentiment remains bullish, with 82% betting on Solana ETF approval and 80% anticipating a Litecoin ETF greenlight before 2025 ends, based on forecasts from decentralized prediction market Polymarket.
The SEC is scheduled to rule on Grayscale’s Polkadot ETF by June 11 and on 21Shares’ version by June 24, according to court documents.
Decisions are also expected on June 17 for Franklin Templeton’s spot XRP ETF and Bitwise’s Dogecoin ETF, per official filings.
Still, delays are possible. Historically, the SEC has used the full 240-day window to evaluate crypto ETF applications, as seen with Bitcoin and Ethereum filings in 2023 and 2024.
