![](\"https:\/\/youragentpage.info\/wp-content\/uploads\/2025\/05\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDIvMDE5NTA0NDItNDNhMy03MDk1LWFhMjgtZDk4YmMwZjVhZmQ5.jpg\")
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The US Securities and Exchange Commission (SEC) has pushed back its decision on a proposed spot Solana exchange-traded fund (ETF), with the cryptocurrency industry now looking to the deadlines for the Polkadot and XRP-based ETFs in June.<\/p>\n
The SEC pushed its decision on listing Grayscale’s spot Solana (SOL<\/a>) Trust ETF on the New York Stock Exchange (NYSE) to October 2025, according to a May 13 filing<\/a> by the securities regulator.<\/p>\n The decision came the week after the SEC delayed its ruling on Canary Capital’s Litecoin (LTC<\/a>) ETF, Bloomberg Intelligence analyst James Seyffart wrote in a May 5 X post<\/a>.<\/p>\n Spot ETFs are viewed as key drivers of liquidity and institutional adoption for digital assets. For Bitcoin (BTC<\/a>), the US spot Bitcoin ETFs accounted for an estimated 75% of new investment<\/a> after launching, which helped BTC recapture the $50,000 mark in February 2024, a month after the ETFs debuted for trading.<\/p>\n While a Solana ETF may<\/a> generate only a fraction of the inflows of Bitcoin ETFs, it could increase Solana’s institutional adoption in the long term by offering investors a “regulated investment vehicle” that may still attract billions of dollars in capital, Ryan Lee, chief analyst at Bitget Research, told Cointelegraph.<\/p>\n Related: <\/strong><\/em>Solana co-founder proposes meta chain to fix blockchain fragmentation<\/strong><\/em><\/a><\/p>\n Despite the latest delay by the SEC, the majority of investors are optimistic about the approval of a SOL ETF before the end of 2025.<\/p>\n Investors are predicting an 82% chance for a SOL ETF approval and an 80% chance for a Litecoin ETF approval before the end of the year, according to data from Polymarket<\/a>, the largest decentralized betting platform.<\/p>\n Related: <\/strong><\/em>$1B Bitcoin exits Coinbase in a day as analysts warn of supply shock<\/strong><\/em><\/a><\/p>\n Several other crypto ETF applications are approaching SEC deadlines in June. <\/p>\n The SEC will decide on Grayscale’s Polkadot (DOT<\/a>) ETF by June 11, and 21Shares’ Polkadot ETF on June 24, according<\/a> to a court filing from the SEC.<\/p>\n On June 17, the SEC is set to make a decision on Franklin Templeton’s spot XRP (XRP<\/a>) ETF and Bitwise’s spot Dogecoin (DOGE<\/a>) ETF, official filings<\/a> show.<\/p>\n However, those decisions may also be delayed. The SEC typically takes full advantage of its 240-day review period when evaluating crypto-related financial products, as seen in its handling of the Bitcoin and Ether (ETH<\/a>) ETF applications in 2023 and 2024. <\/p>\nPolkadot, XRP, DOGE ETFs await SEC decision in June<\/h2>\n