SEC Extends Review Deadline for Franklin Solana ETF to November 2025
- The U.S. SEC has postponed the review of the Franklin Solana (SOL) ETF, now due by November 14, 2025.
- This marks a second extension, following an initial delay from April to June and formal proceedings initiated in June.
- The SEC can approve multiple Solana ETFs simultaneously, similar to its approach with Bitcoin ETFs in the past.
- Grayscale’s Solana Trust has a critical deadline set for October 10, 2025, which may influence other ETF decisions.
- As of now, SOL’s price has increased nearly 3% to $223, reflecting positive investor sentiment regarding potential ETF approvals.
The SEC requires more time to assess the Franklin Solana ETF filing under its rules, which allow extensions if additional review is necessary. The upcoming deadlines for related products could significantly impact the approval landscape for Solana ETFs.
With SOL gaining approximately 7% weekly and over 80% in six months, investor optimism remains high as analysts predict a 95% chance of ETF approval by year-end.(Source)
