The U.S. Securities and Exchange Commission (SEC) has once again delayed the decision on the Franklin Solana (SOL) exchange-traded fund, setting a new deadline of November 14, 2025.
SEC's Delay
The SEC's decision regarding the Franklin Solana ETF has been postponed again, following previous delays in April and June. In early June, the SEC opened formal proceedings, leading to a 180-day countdown that was set to expire on September 15. However, with the latest changes, the final decision date has been pushed further.
Status of Other Solana ETF Applications
Franklin's application is one of several Solana-based ETFs currently under review. Other firms, including Grayscale, VanEck, and 21Shares, have also submitted applications. Bloomberg Intelligence reported that many of these firms have updated their filings to improve their chances. Most of the applications face similar delays, with several final deadlines set in October.
What Will Happen to Solana's Price?
Today, Solana's price has risen by 2% and is currently trading at $221, according to CoinMarketCap. Optimism around the ETF filings is seen as one reason for this rally. Bloomberg ETF analyst James Seyffart noted that the 'odds haven’t really changed' and maintained his prediction of a 95% chance that a Solana ETF will be approved by the end of 2025.
The SEC continues to thoroughly review ETF applications, and while expectations surrounding Franklin Solana remain high, a final decision will not be made before November 14, 2025.
