SEC Delays Franklin Templeton Solana ETF Decision
The U.S. Securities and Exchange Commission has extended its review of the Franklin Solana (SOL) ETF, setting a new deadline of November 14, 2025. The Commission had already extended its review once before. In April, it pushed back the deadline to June. By mid-June, the SEC opened formal proceedings to determine whether the ETF should be approved or rejected. That move triggered a 180-day timeline, which was set to expire on September 15.
Delayed Solana ETF Proposals Set Up Pivotal October Decision
The SEC document says the regulator requires more time to evaluate the filing. Under its rules, the Commission may extend deadlines by up to 60 days if additional review is needed. This means the final date for a decision on the Franklin Solana ETF is now November 14, 2025.
At that time, the SEC must either approve or disapprove the ETF. No further extensions are possible under the law. The Franklin Solana ETF is one of several Solana-based products currently before the Commission.
Data from Bloomberg Intelligence shows that multiple issuers, including Grayscale, VanEck, and 21Shares, have filed Solana ETF applications. Several of these SOL ETF issuers have amended their SEC filings to strengthen their cases for approval. Nearly all of these have also been delayed by the U.S. regulator until their final deadlines, most of which fall in October.
The first final deadline is for Grayscale’s Solana Trust, which is set for October 10, 2025. That date could become pivotal for the broader review of Solana ETFs.
The SEC can approve multiple Solana ETFs at once, like it did with the spot Bitcoin ETFs in 2024. Those are possible scenarios under which the SEC may decide on the Franklin Solana ETF along with the other pending applications, even though the November deadline still remains.
Solana Price Rises as Analyst Has High Odds of ETF Approval This Year
The value of SOL has jumped nearly 3% in the last 24 hours to $223. Weekly gains have reached almost 7% and in the last month, SOL has jumped more than 22%. Its performance over six months is even stronger, with gains above 80%. On a yearly basis, SOL has risen nearly 66%.
An ETF listed in the United States would speed up the institutional adoption for Solana and make trading easier in the ecosystem. ETF analysts also signal high approval confidence. Blommberg analyst James Seyffart predicts a 95% chance that a SOL ETF will be approved by the end of 2025.
Yes! have a full list. here is most recent post about the active 19b-4 filings. Will be updating in coming days/week. Odds haven’t really changed much if at all. https://t.co/DO2gu8Zqi5
— James Seyffart (@JSeyff) August 26, 2025
Paul
Paul Adedoyin is a crypto journalist with 4+ years experience who provides timely news, in-depth research, and insightful content to inform and empower his audience. His works have been featured on sites such as CryptoMode, CryptoNewsFlash among others.
He holds a degree in Geophysics from OAU, Nigeria. When he’s not writing, he loves watching soccer and reading educative journals.
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