The U.S. Securities and Exchange Commission (SEC) has reported a delay in decision-making regarding new ETFs for Ripple (XRP) and Solana (SOL).
Overview of SEC Delays
The SEC has initiated formal proceedings to evaluate Franklin Templeton's proposed XRP and Solana ETFs. The filing from June 17 indicates that this measure is aimed at a thorough assessment of the proposals and related concerns, adding several weeks to the decision-making process.
Current Sentiment and Expert Opinions
ETF analyst James Seyffart commented on the delays, stating that such situations are not unusual. He highlighted that active SEC engagement with the filings is a positive sign, though approval timelines remain uncertain. Earlier, he estimated the odds of approval for SOL and XRP ETFs at 90% and 85%, respectively.
Market Impact and ETF Future
According to recent updates, both XRP and SOL have dropped approximately 4% in the last 24 hours, likely in response to the regulatory decision. However, the first XRP ETF was recently launched in Canada, indicating growing interest in these instruments outside the United States.
Despite the delay, analysts remain optimistic, highlighting the complex nature of cryptocurrency market regulation and its impact on investment decisions.
