-
The U.S. Securities and Exchange Commission (SEC) has extended the review period for Franklin Templeton’s spot Solana and XRP ETF applications, delaying anticipated decisions.
-
This extension signals ongoing regulatory caution amid growing market interest and public commentary on these high-profile crypto ETF filings.
-
According to COINOTAG, the SEC’s invitation for public remarks until late July 2025 suggests a prolonged evaluation process, impacting the timeline for ETF approvals.
SEC delays Franklin Templeton’s Solana and XRP ETF decisions, extending public comment period to July 2025 amid strong market anticipation.
SEC Extends Review Period for Franklin Templeton’s Solana and XRP ETFs
The U.S. Securities and Exchange Commission (SEC) has once again postponed its decision on Franklin Templeton’s spot Solana and XRP exchange-traded fund (ETF) applications. Originally expected by June 17, 2025, the deadline has been extended to accommodate further review and public input. This move reflects the SEC’s cautious approach toward approving spot crypto ETFs, particularly those involving prominent digital assets like Solana (SOL) and XRP. The extension allows the regulator to thoroughly assess market implications, investor protections, and compliance with securities laws before granting approval.
Public Commentary Period and Market Implications
In an amended filing, the SEC has opened the floor for public comments and rebuttals on these ETF proposals, with the deadline set for late July 2025. This extended commentary window is crucial for gathering diverse stakeholder perspectives, including institutional investors, retail participants, and industry experts. The prolonged review period indicates that the SEC is prioritizing transparency and comprehensive evaluation over expedited approvals. Market participants are closely monitoring this process, as the approval of these ETFs could significantly influence liquidity and mainstream adoption of Solana and XRP.
ProShares’ ETF Filings Also Under Scrutiny
Alongside Franklin Templeton, ProShares has submitted ETF applications for Solana and XRP, with a decision deadline of June 25, 2025. The crypto community is speculating whether the SEC will similarly delay these filings. Given the regulatory environment and recent extensions, it is plausible that ProShares’ applications may face additional review time. This scenario underscores the SEC’s consistent regulatory posture toward spot crypto ETFs, emphasizing the need for robust investor safeguards and market integrity.
Market Sentiment and Approval Probabilities
Despite regulatory delays, market sentiment remains optimistic. Prediction markets like Polymarket currently assign a 91% probability to Solana ETF approval and an 89% chance for a spot XRP ETF launch within 2025. These high odds reflect growing confidence in the maturation of crypto markets and regulatory frameworks. However, investors should remain mindful of the inherent uncertainties in regulatory timelines and potential impacts on ETF performance once approved.
Regulatory Landscape and Future Outlook
The SEC’s extended review period aligns with broader regulatory trends emphasizing due diligence in crypto asset oversight. As digital assets continue to evolve, regulators are balancing innovation with risk management. The outcome of these ETF applications will likely set precedents for future crypto investment products, influencing market structure and investor access. Stakeholders are encouraged to stay informed and participate in public commentary to shape regulatory outcomes effectively.
Conclusion
The SEC’s decision to extend the review period for Franklin Templeton’s Solana and XRP ETFs highlights the regulator’s methodical approach to crypto asset approvals. While this delays immediate market entry, it ensures a thorough evaluation process that prioritizes investor protection and market stability. With public commentary open until July 2025, the crypto community has a valuable opportunity to contribute insights. Market optimism remains high, but stakeholders should prepare for a measured timeline before these ETFs potentially launch.
