SEC Delays Franklin Solana ETF Decision - Another Setback for Crypto Adoption

Regulatory hurdles strike again as the SEC pushes pause on Franklin's spot Solana ETF application.

The waiting game continues for crypto investors hoping for mainstream Solana exposure. Franklin Templeton's proposal joins the growing pile of delayed digital asset ETFs—because why make timely decisions when you can keep everyone guessing?

Solana's institutional momentum hits another regulatory speed bump. The SEC's pattern of postponements suggests either meticulous scrutiny or strategic stalling—take your pick.

Meanwhile, traditional finance keeps wondering why crypto can't just behave like nice, predictable stocks and bonds. Because innovation always waits politely for permission, right?

When can SEC approve Solana spot ETFs?

In recent months, the SEC has delayed decisions on multiple ETF applications, including on Litecoin (LTC) and XRP (XRP). 

Notably, the agency is reviewing more than 90 crypto ETF applications, and following its delays, the anticipation is that a batched approval is coming.

Analysts have allocated a high chance that the regulator will greenlight many of the top altcoin-related funds before the final deadline for some of the applications, with Canary Capital’s Litecoin ETF filing having this pegged for October 2, 2025.

In case you missed it, there are over 90 crypto ETFs pending SEC approval (see chart below via @JSeyff )

At this rate we'll have one for every top 30- 40 #crypto inside 12 months, even with delays. Inflows may surprise for some, but others are still bottom bouncing on LT charts. pic.twitter.com/Q6HSl8xNYT

Litecoin, Solana and XRP are some of the top altcoins whose ETFs have elicited the most anticipation across crypto. Prices of these tokens soared when various issuers submitted S-1 filings and also when the SEC acknowledged the respective forms 19b-4s.

Solana, with staking also included, sits as one of the most anticipated 

In March, Franklin Templeton said Solana’s decentralized finance ecosystem remains undervalued. This is despite the robust growth seen with projects such as Jupiter, Raydium, Jupiter, and Kamino. Market analysts say DeFi and ETFs could be huge catalysts for SOL price.