TLDR
- SEC sets final decision deadline for Franklin Solana ETF on November 14, 2025.
- Grayscale’s Solana ETF decision expected by October 10, 2025.
- SOL price rises 3% to $223.69 following SEC delay announcement.
- Analysts predict a 95% chance of SOL ETF approval by the end of 2025.
The U.S. Securities and Exchange Commission (SEC) has delayed its decision on the Franklin Templeton Solana ETF until November 14, 2025. This marks the second time the regulator has pushed back the deadline. The delay comes as other Solana ETF proposals from firms like Grayscale and VanEck approach their final decision dates in October.
Final Decision Set for November 14
The SEC announced that it will take additional time to review the Franklin Templeton Solana ETF proposal. The latest extension sets a final deadline of November 14, 2025. According to SEC rules, this is the last possible extension allowed. The agency is required to approve or reject the application by that date.
The review process began earlier in 2025, with an initial delay in April followed by formal proceedings in June. Once the Commission initiates proceedings, it is permitted a 180-day review period. That window was set to end on September 15, but the SEC chose to extend the review for another 60 days.
The Commission cited the need for more time to evaluate the proposal, as allowed under Section 19(b)(2)(B) of the Securities Exchange Act. The final deadline leaves no room for further delays, and a ruling must be issued by mid-November.
October Deadlines Could Set the Tone
While Franklin Templeton’s ETF has a November deadline, several other Solana ETF proposals are set for earlier reviews. Grayscale’s application is due for a final decision on October 10, 2025. Other firms, including VanEck and 21Shares, also have pending Solana ETF filings with similar timelines.
Many of these firms have amended their original applications in recent months. The changes were made to address the SEC’s concerns and improve the chances of approval. These include adding more detailed disclosures and clarifying their structure and market surveillance mechanisms.
Analysts believe the outcome of Grayscale’s application could influence how the SEC rules on the remaining proposals. In past cases, such as with Bitcoin spot ETFs in 2024, the SEC approved multiple applications at once. This has led to speculation that a similar move could happen with Solana-based ETFs.
Solana Price Sees Gains Ahead of ETF Decisions
Solana price rose nearly 3% in the past 24 hours, climbing from $217.26 to $223.69. Over the past week, the token has gained around 7%, and over the last month, more than 22%. Over a six-month period, SOL has recorded an increase of over 80%.
The price movement reflects increased optimism among investors. Many see the potential ETF approval as a way to expand access to Solana for institutional investors. A U.S.-listed ETF could also make it easier for traditional market participants to gain exposure to SOL.
SOL surged nearly 3% to $223.69, reflecting investor optimism ahead of ETF decisions
Bloomberg ETF analyst James Seyffart said that the chance of a Solana ETF approval by the end of 2025 is “about 95%.” The market appears to be responding to this outlook as traders anticipate a broader acceptance of Solana in regulated financial products.
Regulatory Review Continues Across Multiple Applications
The SEC is reviewing several ETF proposals tied to Solana, not just Franklin Templeton’s. The wide interest in Solana-based funds shows the growing demand for structured investment products tied to blockchain assets.
While deadlines differ slightly among the applicants, most fall within a narrow window between early October and mid-November. The SEC has the authority to approve multiple filings at once, which may result in a grouped decision.
With no further delays allowed beyond November, all attention will be on the upcoming dates. The regulatory decisions will likely shape the future of Solana ETFs in the U.S.
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