The American Commission of Securities and Stock Exchange (SEC) has pushed its decision on the proposed rotary fund Solana Exchange (ETF), while the cryptocurrency industry is now looking for ETF terms from Polkadot and XRP in June.
Sec raised a decision on the Solana (SOL) Trust list in the Novel York Novel York Stock Exchange (NYSE) until October 2025, according to May 13 filing by the securities regulator.
The decision took place a week after the SEC delay in the ETF case in the ETF in Litecoin (LTC) Canary Capital, James Seyffart, wrote in May 5 x x post.
ETF on site is perceived as key liquidity factors and institutional acceptance of digital assets. In the case of Bitcoin (BTC) ETF from Bitcoin in the USA they constituted about 75% of novel investments after launching, which helped BTC recover the $ 50,000 sign in February 2024, a month after ETFS debut on trade.
Although ETF Solana can only generate a fraction of ETF Bitcoin influence, this can augment the institutional admission of sooty in the long term, offering investors a “regulated investment vehicle”, which can still attract billions of capital dollars, Ryan Lee, the main analyst at Bitget Research, said Cointelegraph.
Related: Solana’s co -founder offers a meta chain to repair blockchain fragmentation
Despite the latest delays by SEC, most investors are an optimist as to the approval of ETF SOL before the end of 2025.
Investors provide 82% chance of approval of ETF SOL and 80% chance of approval of ETF Litecoin before the end of the year, according to data from data from PolymarketThe largest decentralized bookmaker platform.
Related: 1B $ Bitcoin comes out of Coinbase during the day, when analysts warn against supply shock
Polkadot, XRP, Doge ETFS expect SEC in June
Several other cryptographic ETF applications are approaching SEC in June.
SEC will decide on ETF Polkadot Grayscale (Dot) until June 11 and 21 Shares’ Polkadot ETF June 24, According to to the court with SEC.
On June 17, SEC is to decide on ETF XRP (XRP) ETF and BitWise’s Spot Dogecoin (Doge) ETF, official, filings show.
However, these decisions may also be delayed. SEC usually fully uses its 240-day review period when assessing financial products related to cryptographic, as can be seen in the service of the ETF Bitcoin and Ether (ETH) application in 2023 and 2024.
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