The U.S. Securities and Exchange Commission (SEC) has once more postponed deciding on Franklin Templeton’s proposed spot Solana ETF, extending the review period by another 60 days.
The new deadline is set for November 14, 2025. The move underscores both the growing interest in Solana-based investment products and the scrutiny regulators are applying to them; the slowly-forming crypto regulatory framework in the US won’t be an entirely easy pass.
That’s a particular legal framework that the SEC must find satisfactory in terms of transparency, market integrity, and trading protocols.
The Solana ETF hasn’t had an entirely smooth course so far:
The announcement of the delay sparked surprising optimism in the markets. Solana jumped more than 4% in the past 24 hours, trading around $222.75, amidst speculation of a rally toward $250.
Despite the positive momentum, there are factors tempering investor enthusiasm:
Solana’s steady growth this year and surprising strength also boosts related projects like Snorter Token ($SNORT), one of the best ways to trade hidden gems of Solana meme coins.
Solana’s meme coin market is as vibrant as ever, with thousands of tokens launching each and every day. But sorting through the losers to find the winners remains a challenging task.
There’s even integrated protection against common scams like honeypots, rug pulls, and copy trading for advanced traders looking for an edge.
Currently, investors expect the SEC to approve the new Solana ETF before the new November 14 deadline. That could – and should – send both $SOL and HYPER even higher.
