The United States Securities and Exchange Commission (SEC) has deferred its ruling on Franklin Templeton’s application for a spot Solana exchange-traded fund (ETF).
This postponement delays a potential regulatory decision that could significantly impact institutional access to Solana (SOL) through traditional investment vehicles. The SEC did not disclose specific reasons for the deferral in its official filing.
Franklin Templeton, a major global asset manager, sought to launch the first U.S.-based spot Solana ETF. The SEC’s cautious approach reflects ongoing regulatory scrutiny of cryptocurrency investment products beyond Bitcoin and Ethereum.
Market observers note this development extends the waiting period for Solana ETF approval, leaving investors and industry participants anticipating future regulatory guidance. The Commission has not provided a revised timeline for its final determination.