The Solana ETF remains at the center of attention after the Securities and Exchange Commission (SEC) decided to postpone its approval, extending the deadline to October 2025.
This news comes at a crucial time for the regulated cryptocurrency market, as the SEC prepares to evaluate other important proposals, including ETFs on Polkadot, XRP, and Dogecoin, with deadlines set for June.
The SEC postpones the decision on the Solana ETF, while responses are awaited on Polkadot, XRP, and other crypto ETFs in June
An Exchange-Traded Fund (ETF) on Solana would represent a fundamental financial instrument for those who wish to invest in this cryptocurrency in a regulated and secure manner.
ETFs allow investors to gain exposure to an asset without directly owning it, improving liquidity and offering easier access, especially for institutional investors.
In particular, the spot ETFs — which replicate the real price of the underlying asset — are considered crucial for increasing institutional adoption.
In fact, for example, ETFs on Bitcoin have contributed to significantly increasing investments in the crypto sector, influencing the price of BTC which exceeded 50,000 dollars in February 2024.
The request for a spot ETF on Solana was submitted by Grayscale, one of the largest investment companies in the crypto sector. However, the SEC has postponed the decision, moving the formal deadline to October 15, 2025.
This delay comes just a week after the agency did the same with the request for a Litecoin ETF.
This choice fuels uncertainty, but it mainly reflects the complexity of the regulation of cryptocurrencies in the United States. The SEC often adopts a cautious approach and uses the maximum analysis period, up to 240 days, to evaluate each proposal.
Despite the postponement, the market appears optimistic. According to Polymarket, a betting platform on financial events, the estimated probability of approval of an ETF on Solana by the end of 2025 exceeds 82%.
This data underscores the widespread confidence among investors, who see the ETF as a tool capable of increasing the credibility and institutional adoption of Solana.
Furthermore, the demand for ETFs on Litecoin also keeps the attention high, with an estimated approval expectation of 80% by December 2025.
Although the amounts invested in Solana may be lower compared to those in Bitcoin, the potential to attract significant capital remains concrete.
June decisive for Polkadot, XRP, and Dogecoin ETFs
In parallel with the decision on Solana, the SEC will have to express itself on other ETF requests expiring in the month of June. The crucial dates to mark on the calendar are:
– June 11 for the ETF on Polkadot
– June 17 for the ETF linked to XRP
– June 24 for the ETF on Dogecoin
However, as happened with Solana and Litecoin, a further postponement is not excluded. The SEC often uses the maximum limit of 240 days to thoroughly analyze each proposal before approving or rejecting the ETFs.
The approval of these ETFs would represent a turning point for the world of cryptocurrencies, promoting regulation and mass adoption.
Their presence in the mainstream markets could lead to an increase in liquidity and the influx of institutional capital, providing price stability and greater confidence to traditional investors.
In recent months, the SEC has demonstrated a cautious attitude towards ETFs on criptovalute.
After the success of Bitcoin ETFs, considered a benchmark model, the entity conducts an even stricter analysis on funds that replicate alternative assets like Solana, Polkadot, or XRP.
This behavior, however, should not be interpreted as a definitive refusal. The commission seems to want to ensure that such products meet important criteria for investor protection and market stability.
The Solana ETF thus remains an open question but with growing visibility and interest. The optimism of investors, combined with the regulatory prudence of the SEC, indicates an evolving process that could lead to the approval of new investment instruments by 2025.
Similarly, the possible definition of ETF for Polkadot, XRP, and Dogecoin in the coming weeks can mark a significant milestone for the regulated cryptocurrency market in the United States.
However, it will be necessary to closely monitor any postponements or changes in the SEC’s decisions.
Opportunities and challenges for investors
For those interested in the sector, regulation and the arrival of ETFs represent an opportunity to access secure and transparent instruments, with less risk compared to direct trading on unregulated platforms.
On the other hand, the tight schedule of SEC decisions requires maintaining a cautious attitude and constantly staying updated, as each decision can strongly influence price trends and market confidence.
The extension of the times for the Solana ETF does not stop the growing interest in these instruments. On the contrary, it strengthens the awareness that the path towards full regulation of crypto products is complex, but continuously evolving.
Investors and market operators will therefore need to prepare for a possible phase of transformation, in which ETFs could play a decisive role in providing greater solidity and attractiveness to the sector.
For all cryptocurrency enthusiasts, this means closely following the next moves of the SEC and preparing to seize the opportunities offered by new fully regulated financial products.
