SEC delays Solana ETF as decisions for Polkadot, XRP loom ⏳
The US Securities and Exchange Commission (SEC) has delayed its decision on the proposed Solana exchange-traded fund (ETF), prompting attention towards Polkadot and XRP-based ETFs with June deadlines.
The SEC's deferment on Grayscale’s spot Solana Trust ETF until October 2025 follows a recent delay on Canary Capital’s Litecoin ETF ruling.
Spot ETFs are perceived as liquidity drivers, crucial for digital asset adoption. Despite the delay, investors remain optimistic about Solana ETF approval.
Other ETF applications, such as for Polkadot, XRP, and Dogecoin, face looming SEC deadlines in June, with further delays possible.
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