According to ChainCatcher, the U.S. Securities and Exchange Commission (SEC) announced an extension of the review period for Grayscale's proposed Solana (SOL) and Litecoin (LTC) spot ETF proposals. The SEC stated that more time is needed to assess whether these products meet the investor protection and market transparency standards outlined in the Securities Exchange Act of 1934.
According to SEC regulations, the review process may include multiple stages, lasting up to 240 days. Currently, Grayscale's Solana and Litecoin ETF proposals are under an extended review timeline, with a final decision expected to be made later in 2025. Meanwhile, the SEC has also opened a public comment period for other crypto-related proposals, including BlackRock's Bitcoin ETF redemption model. In addition, the SEC has extended the review period for the Dogecoin ETF proposal submitted by 21Shares.
