The U.S. Securities and Exchange Commission (SEC) has again extended the review period for Franklin Templeton’s spot XRP ETF and Solana ETF filings. While the XRP Army was expecting an approval on the June 17 deadline, the agency decided otherwise.
Now, the crypto community is also questioning whether the regulator would also delay decision on ProShares Solana and XRP ETF filings. According to an amended filing this month, ProShares sought the decision deadline to be June 25, which is a week away.
Currently, according to the filing, the SEC is encouraging the public to offer remarks on XRP and Solana ETF applications offered by Franklin Templeton and other issuers. The deadline for public comments and rebuttals is late July 2025, which suggests that these ETFs wouldn’t be approved until then.
However, the market is still expecting these ETFs to be approved in 2025. On Polymarket, the Solana ETF approval odds stand at 91%. Whilst, the chances of a spot XRP ETF launch are pegged at 89%.
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