The U.S. Securities and Exchange Commission (SEC) has delayed its decision on the Franklin Solana (SOL) exchange-traded fund (ETF), and set a new deadline of November 14, 2025. This is after earlier delays in April, when the deadline was pushed to June, and then again in mid-June when the agency opened formal proceedings. That move started a 180-day countdown, which was set to expire on September 15, but with the latest change the final decision date has now been pushed further.
In an official document, the regulator said to carefully study the filing and its possible impact on investors. Once the November 14 deadline arrives, the SEC will have no option to delay further and must either approve or reject the ETF.
Meanwhile, Franklin’s proposal is one of several Solana-based ETFs currently being reviewed. Other companies, including Grayscale, VanEck, and 21Shares, have also submitted applications.
Bloomberg Intelligence reported that many of these firms have updated their filings to improve their chances. Most of the applications are facing similar delays, with several final deadlines set in October. The first big date is October 10, when the SEC must decide on Grayscale’s Solana Trust. Analysts say that ruling could influence how the regulator handles the other pending applications.
Meanwhile, Solana price is up 2% today, and currently trades for $221, according to CoinMarketCap.
Optimism around the ETF filings is seen as one reason for the rally. Bloomberg ETF analyst James Seyffart has said on X that the “odds haven’t really changed much if at all” and maintained his prediction of a 95% chance that a Solana ETF will be approved by the end of 2025.
Also Read: SEC Delays Decision on BlackRock Ethereum ETF Staking
