SEC Extends Franklin Solana ETF Review Deadline to November 2025

The SEC has extended its review of the Franklin Solana ETF, setting a new decision deadline for November 14, 2025.

Other major issuers, including Grayscale and VanEck, have also filed for Solana ETFs, with final decisions expected in October.

Solana’s price has surged by over 20% in the past month, driven by investor optimism surrounding potential ETF approvals.

The U.S. Securities and Exchange Commission (SEC) has extended the review period for the Franklin Solana (SOL) Exchange-Traded Fund (ETF), pushing the decision deadline to November 14, 2025. This marks the second time the SEC has delayed its decision on the proposed ETF. Initially, the SEC postponed the review until June 2025. By mid-June, the SEC initiated formal proceedings to determine whether to approve or reject the application. This move triggered a 180-day deadline, which was initially set to expire on September 15, 2025.

In its latest filing, the SEC cited the need for more time to assess the Franklin Solana ETF. Under its regulatory framework, the SEC can extend deadlines by up to 60 days if further review is required. Consequently, the deadline for the final decision on this ETF is now set for November 14, 2025. By that date, the SEC must either approve or disapprove the ETF. Importantly, this will be the final deadline, as no further extensions are allowed under the law.

Other Solana ETF Applications Await Decision

The Franklin Solana ETF is one of several Solana-based ETFs currently under review by the SEC. Other issuers, including Grayscale, VanEck, and 21Shares, have also filed for similar ETFs. Many of these companies have amended their applications to strengthen their chances of approval. In fact, almost all Solana ETF filings have been delayed by the SEC, with final deadlines mostly set for October 2025.

Among the key deadlines, Grayscale’s Solana Trust is expected to face a decision by October 10, 2025. This date could prove crucial, as the SEC may review multiple Solana ETFs in a single decision. This scenario could mirror the SEC's approach to Bitcoin ETFs in 2024, where several applications were approved simultaneously.

Investor Confidence Boosted by SEC’s Review

The delay in the SEC’s review has not dampened investor sentiment around Solana. The price of Solana (SOL) surged nearly 3% in the past 24 hours, reaching $223.69. Over the past month, SOL has gained more than 22%, showing strong investor optimism. Additionally, market analysts, including Bloomberg’s James Seyffart, predict a high likelihood of approval for a Solana ETF by the end of 2025, with a 95% chance of success.

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