SEC’s Solana ETF Tango: When Will the Music Stop?

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Oh, what a delightful game the U.S. Securities and Exchange Commission (SEC) is playing! 🎩 They’ve decided to extend their dance with Franklin Templeton’s proposed spot Solana ETF, postponing the decision yet again-this time for another 60 days. The SEC must really enjoy the thrill of keeping everyone on tenterhooks!

Mark your calendars: the new deadline is set for November 14, 2025. This move not only highlights the SEC’s meticulous attention to detail but also the growing interest in Solana-based investment products. After all, who doesn’t love a good regulatory tango? 🕺 But let’s be honest, the crypto regulatory framework in the US isn’t exactly a walk in the park-it’s more like a marathon through a bureaucratic maze.

Meanwhile, Solana itself is having quite the party; $SOL has surged nearly 8% in the past week. It seems the market is saying, “Keep dancing, SEC, but don’t forget to let us in on the fun!” 🎉

Franklin Templeton’s ETF Proposal

Franklin Templeton’s proposal is a bit like a well-choreographed ballet, aiming to provide investors with direct exposure to SOL through a regulated fund. The listing would be under the CBOE BZX Exchange’s commodity-based trust shares rule-a legal framework that the SEC must find satisfactory in terms of transparency, market integrity, and trading protocols. Think of it as a strict judge at a ballroom competition, scrutinizing every step.

But the road to approval hasn’t been smooth:

  • The CBOE BZX exchange filed the request to list and trade the Franklin Templeton Solana ETF on March 12, 2025; it was published in the Federal Register on March 19.
  • The SEC delayed its decision in late April and again in mid-June, citing the need for more time to assess whether listing and trading requirements were sufficiently met. 🕒
  • The most recent extension grants the SEC until November 14 to approve or deny the application.
  • Another Solana ETF application (from Grayscale) has a decision deadline of October 10, 2025. It’s like a race to the finish line, but with a lot of hurdles.

open interest in $SOL futures across platforms like Binance and CME rose by 8-11%, while overall futures open interest exceeded $15.5B. It’s like a bustling bazaar, with everyone eager to get a piece of the action.

However, there are factors tempering investor enthusiasm:

  • The SEC is looking closely at whether the ETF meets listing and trading standards under regulatory rules, which still leaves room for objections or further delays. 🤔
  • Trading volume has slipped slightly in recent hours, suggesting some investors may be waiting for more definitive signals. It’s like watching a suspenseful movie-you know something big is coming, but you’re not sure when.
  • External macroeconomic conditions, such as pending US inflation (CPI) data, may also influence both market sentiment and regulatory urgency. The world is a stage, and the market is just one of the actors.

Solana’s steady growth this year and surprising strength also boost related projects like Snorter Token ($SNORT), one of the best ways to trade hidden gems of Solana meme coins. It’s like finding a treasure map in a sea of sand.

Snorter Token ($SNORT) – Sniff Out, Snipe, Win with the Best 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. Fortunately, the Snorter Bot is here to make your job easier. 🐶

Powered by the Snorter Token ($SNORT), the Snorter Bot offers traders a wide range of tools all designed to make finding the next best meme coin easier than ever. Gain automated sniping tools, stop loss/take profit limit orders, and better-than-the-competition trading fees. It’s like having a personal assistant in the wild west of crypto trading.

There’s even integrated protection against common scams like honeypots and rug pulls and copy trading for advanced traders looking for an edge. It’s like having a shield and a sword in a digital battlefield.

On the back of Solana’s success, the Solana-focused $SNORT token has pushed to a strong $3.8M presale; you can learn how to buy $SNORT and join the presale with our guide. Tokens currently cost $0.1041, but our price prediction shows that could hit $0.032 by the end of the year. It’s a rollercoaster ride, but one worth taking! 🎢

Check out the Snorter Token ($SNORT) presale for the latest up-to-date info.

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. It’s a thrilling game, and we’re all just spectators waiting to see who will come out on top. 🎉

Authored by Bodan Patru, Bitcoinist – https://bitcoinist.com/sec-pushes-back-solana-etf-decision-what-it-means-for-snort

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2025-09-11 17:39