The United States Securities and Exchange Commission (SEC) extended the timeline to review Franklin Templeton’s proposed spot Exchange-Traded Funds (ETFs) for Solana (SOL) and XRP. The agency now plans to release its decision by October 2025 for Solana and by November 2025 for XRP—pushing the announcement later than initially expected.
Franklin Templeton, one of the top asset management firms, proposed these ETFs as part of its broader strategy to expand crypto-focused investment tools for the general public. If regulators grant approval, the funds could become among the first Solana and XRP spot ETFs launched in the U.S., marking a significant step toward the inclusion of altcoins in traditional financial markets.
SEC Postpones Decision Again
The Securities and Exchange Commission (SEC) has decided to take more time to review the proposal, saying it needs to check for market fairness, investor protection, and whether the plan follows the Securities Exchange Act. Officials explained that the delay is simply a routine part of the process and does not signal rejection. The SEC is reviewing each proposal closely, checking that it follows strict rules—especially those related to asset storage and the risk of market manipulation.
The extension comes amid the SEC’s cautious stance on financial products tied to cryptocurrencies. Although the agency approved spot Bitcoin ETFs earlier this year, it continues to apply tighter oversight to altcoin-backed ETFs. Questions about their legal classification and decentralized nature have yet to be fully addressed, prompting regulators to proceed carefully.
The SEC’s delay arrives as both retail and institutional investors show growing enthusiasm for altcoin ETFs, viewing them as a bridge between digital assets and traditional finance. However, with final decisions postponed until late 2025, lingering regulatory ambiguity and tempered expectations continue to influence investor confidence.
At present, the cryptocurrency sector closely monitors the SEC as it continues advancing through the evaluation phase.
