SEC Delays Grayscale’s Litecoin and Solana ETF Filings

By: bitcoin ethereum news|2025/05/14 10:30:06
0
Share
copy
The SEC just postponed two of Grayscale’s ETF applications, specifically those concerning Solana and Litecoin. This latest announcement adds to the Commissi on’s recent series of decisions to push back several altcoin ETFs from different asset managers. Several prominent ETF analysts also declined to publicly comment on this delay. In the long run, SEC approval is still very likely, even if it takes a few months to be finalized. The SEC Keeps Delaying Altcoin ETFs Since the SEC came under new management under the Trump administration, it’s been hit with a flood of ETF proposals. Although professional analysts and community enthusiasts are bullish about approval odds, it hasn’t happened yet. Nonetheless, when the Commission postponed Grayscale’s Solana and Litecoin ETF applications, reactions have been muted. “Institution of proceedings does not indicate that the Commission has reached any conclusions with respect to any of the issues involved. Rather, the Commission seeks and encourages interested persons to provide comments on the proposed rule change,” the SEC claimed in its delay filing. Indeed, the Commission has been postponing several ETF applications over the last few weeks. When the SEC delayed Canary Capital’s Litecoin ETF, this fell in line with analysts’ predictions. Previously, analysts claimed that a Litecoin ETF is more likely than any other altcoin product, but didn’t comment on today’s events. The market is also anticipating a Solana ETF, but progress isn’t coming yet. At this point, the market is starting to price in these delays. Last week, Litecoin rallied after the SEC delayed an ETF filing, defying bearish assumptions. So far, neither of the underlying tokens has seen much of a price move after the Commission’s announcement. Still, there are plenty of reasons to be bullish about approval in the long term. Less than a week ago, the SEC met with representatives from BlackRock to discuss ETF regulations. These talks included high-level associates from the world’s largest Bitcoin ETF issuer; the Head and Director of both Digital Assets and Regulatory Affairs were present. In other words, the SEC is delaying things, but it’s probably going to approve several of these altcoin ETFs in the end. The Commission is seeking industry feedback on long-term implications, but it hasn’t given an outwardly negative sign yet. Of course, the industry would love speedy SEC approval for all these ETF filings. However, as the recent rate cuts saga clearly indicates, it doesn’t need things like this to maintain profitability. The crypto market has a lot of solid fundamentals right now, which will benefit these assets, even if the Commission keeps dragging its feet for months. Disclaimer In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated. Source: https://beincrypto.com/sec-delays-grayscale-etf-solana-litecoin/

You may also like

Tiger Research: What AI services do cryptocurrency companies offer?

Cryptocurrency giants like Binance and Coinbase have fully launched an AI defense battle: Driven by FOMO sentiment, leading platforms are accelerating the deep integration of AI agents into core businesses such as trading, security, and payments.

The war not only drives up oil prices but also causes Circle's stock price to soar

High interest rate expectations combined with the explosive growth of stablecoin infrastructure have led to Circle's stock price doubling in five weeks against the trend: Understanding the dual game of "macro interest rate trading" and "global payment foundation" behind the surge in one article.

When agents become consumers, who will rewrite the underlying logic of internet commerce?

Thirty years ago, due to the high cost of micropayments, the internet had no choice but to adopt an advertising model. Today, the technical threshold for micropayments is nearly zero, but trust has become the most expensive luxury. Whoever can bridge this gap will dominate the next generation of int...

AI Agents in Action Summit: March 31, Hong Kong Cyberport, focusing on the deep waters of AI implementation

Tomorrow, Hong Kong Cyberport will grandly open. The "AI Agents in Action" summit gathers top experts, directly addressing the real evolution of AI Agents from conceptual celebration to productization and large-scale commercial implementation.

29 Days In, What Are America’s Options on Iran?

The key is not in ground invasion but in the combination of striking capability and governance.

Flash Crash Down 97%+ with Ongoing Unlocking, WLD Completes $65 Million Off-chain Funding: Who Is Still Buying?

In the current deep bear market environment, being able to complete multi-million dollar token trades is quite rare.

Popular coins

Latest Crypto News

Read more