SEC Pushes Back Franklin Templeton Solana ETF Decision Again: What it Means For $SNORT

The U.S. Securities and Exchange Commission (SEC) has as soon as extra postponed deciding on Franklin Templeton’s proposed spot Solana ETF, extending the assessment interval by one other 60 days.

The new deadline is ready for November 14, 2025. The transfer underscores each the rising curiosity in Solana-based funding merchandise and the scrutiny regulators are making use of to them; the slowly-forming crypto regulatory framework within the US gained’t be a completely straightforward cross.

And towards that background, Solana itself continues to achieve steam; $SOL is up nearly 8% previously week.

Franklin Templeton’s ETF Proposal

Franklin Templeton’s proposal facilities on a spot Solana ETF, meant to permit traders direct publicity to SOL by a regulated fund. The itemizing could be beneath the CBOE BZX Exchange’s commodity-based belief shares rule.

That’s a selected authorized framework that the SEC should discover passable by way of transparency, market integrity, and buying and selling protocols.

The Solana ETF hasn’t had a completely clean course to this point:

  • The CBOE BZX trade filed the request to record and commerce the Franklin Templeton Solana ETF on March 12, 2025; it was revealed within the Federal Register on March 19.
  • The SEC delayed its choice in late April and once more in mid-June, citing the necessity for extra time to evaluate whether or not itemizing and buying and selling necessities had been sufficiently met.
  • The most up-to-date extension grants the SEC till November 14 to approve or deny the applying.
  • Another Solana ETF utility (from Grayscale) has a choice deadline of October 10, 2025.

Market Impact & Investor Response

The announcement of the delay sparked shocking optimism within the markets. Solana jumped greater than 4% previously 24 hours, buying and selling round $222.75, amidst hypothesis of a rally towards $250.

In addition, derivatives markets present sturdy curiosity: open curiosity in $SOL futures throughout platforms like Binance and CME rose by 8-11%, whereas overall futures open interest exceeded $15.5B.

Despite the optimistic momentum, there are elements tempering investor enthusiasm:

  • The SEC is wanting carefully at whether or not the ETF meets itemizing and buying and selling requirements beneath regulatory guidelines, which nonetheless leaves room for objections or additional delays.
  • Trading quantity has slipped barely in current hours, suggesting some traders could also be ready for extra definitive indicators.
  • External macroeconomic circumstances, similar to pending US inflation (CPI) knowledge, may affect each market sentiment and regulatory urgency.

Solana’s regular development this 12 months and shocking power additionally boosts associated tasks like Snorter Token ($SNORT), among the finest methods to commerce hidden gems of Solana meme cash.

Snorter Token ($SNORT) – Sniff Out, Snipe, Win with the Best Solana Meme Coins

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There’s even built-in safety towards widespread scams like honeypots, rug pulls, and replica buying and selling for superior merchants on the lookout for an edge.

On the again of Solana’s success, the Solana-focused $SNORT token has pushed to a powerful $3.8M presale; you possibly can be taught how to buy $SNORT and be a part of the presale with our information.

Tokens at present price $0.1041, however our price prediction exhibits that they might hit $0.94 by the tip of the 12 months.

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

Currently, traders anticipate the SEC to approve the brand new Solana ETF earlier than the brand new November 14 deadline. That might – and will – ship each $SOL and HYPER even larger.

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

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