SEC extends review period for Franklin Templeton’s Solana and XRP ETFs to late 2025.
New deadlines: October 2025 for Solana ETF and November 2025 for XRP ETF.
Extension reflects ongoing regulatory scrutiny, not an indication of approval or rejection.
SEC delays decision on Franklin Templeton’s Solana and XRP ETFs until late 2025.
This delay is due to the SEC's requirement for further analysis, reviewing market integrity, investor protection, and compliance with the Securities Exchange Act.
Franklin Templeton's ETFs aim to introduce more crypto-based financial products to mass markets, potentially offering the first Solana and XRP spot ETFs in the U.S.
The SEC's delay is procedural and does not indicate rejection, but rather a thorough review process to ensure regulatory standards are met.
The SEC's caution with altcoin-based ETFs continues, as questions remain about decentralization and legal status compared to spot Bitcoin ETFs.
Interest in altcoin ETFs is growing among investors, both institutional and retail, seeking regulated exposure to crypto assets.
Regulatory uncertainty persists with the review process stretching until late 2025, influencing investor sentiment.
Institutional and retail investors are keenly observing the SEC's handling of altcoin ETF proposals, anticipating potential entry points into the regulated crypto and financial landscape.