U.S. regulators have once again delayed action on a proposed Solana exchange-traded fund, pushing any potential approval into the final quarter of 2025.
The SEC’s decision to defer Grayscale’s application signals continued caution around digital asset funds beyond Bitcoin and Ethereum.
This delay follows a similar pause on a Litecoin ETF just days earlier, highlighting the agency’s pattern of using the maximum review window on crypto products.
Despite the hold-up, optimism persists: prediction markets like Polymarket still show over 80% confidence that both Solana and Litecoin ETFs will be approved before year’s end.
While Solana ETFs are unlikely to match the tidal wave of capital seen after Bitcoin ETF approvals—which drove BTC past $50K—analysts believe regulated access could gradually strengthen institutional adoption of altcoins. Bitget’s Ryan Lee says even moderate inflows could translate to billions once greenlit.
Looking ahead, June will be critical. The SEC is expected to rule on several additional ETF applications tied to Polkadot, XRP, and Dogecoin. However, based on its track record, more delays appear likely.
Altcoin trading volume on Binance Futures surged to $100.7 billion in a single day, reaching its highest level since February 3, 2025, according to data from CryptoQuant.
Bitcoin just recorded its largest net inflow to exchanges since July 2024, signaling a potential shift in market behavior.
Tron (TRX) is showing signs of breaking away from Bitcoin’s price action, potentially positioning itself as a leading indicator of an emerging altseason.
While Bitcoin consolidates, capital is rotating into select high-growth tokens showing strong upside momentum.