- The SEC delays the decision on the Solana and Litecoin ETFs and wants to take into account public opinion.
- The market remains stable because investors seem to prize the delays in the ETFs and have confidence in their approval.
The US stock exchange supervision SEC has again postponed its decision on ETF applications submitted by Grayscale investments. The applications relating to Solana (Sol) and Litecoin (LTC) are now joining a growing list of crypto ETFs that are waiting for a final official approval. Although no rejection has been expressed, but the delay contributes to the persistent regulatory uncertainty with which the ETFs are confronted beyond Bitcoin.
SEC playing the waiting game as usual. At this point, delay is the default
— Ryzz (@RyzzFi) May 13, 2025
The recent step of the second follows a pattern that runs throughout the year, since the authority has slowed down the dynamics for several ETF applications. The Commission repeated in their opinionthat the delay should not be interpreted as an indication of its final attitude. Instead, she has requested further public statements on the proposed rules of rules, on the grounds that the effects on the market must be assessed in a broader sense:
“The initiation of a procedure does not mean that the Commission has come to a result.”
The authority emphasizes that the comments from market participants, interest groups and the public incorporate into the final decision of the authority.
As CNF reported, earlier delays, including the Canary Capital in connection with the Litecoin ETF proposal, indicated a similar approach. In any case, the SEC referred to process extensions that should give the supervisory authorities more time for the exam instead of rejecting the proposed funds.
Market is confident
In contrast to the strong volatility, which can sometimes be observed in ETF-related developments, the market reaction to the latest delays was varied. The courses for both Solana and Litecoin remained stable after the announcement, which indicates that investors had expected the decision of the Commission.
In some previous cases, as with Canary Capital, the Litecoin course rose after a delay. Even if this type of price movement did not repeat itself this time, the general absence of negative movements shows that the dealers have got used to the regulatory pace of the Sec. These assets continue to be traded on the basis of general market foundal data and not on the basis of regulatory headlines.
Despite the lack of official measures by the SEC, the commitment between the regulatory authorities and the crypto industry has continued. The latest meetings between the Commission and Managers of Blackrock, the issuer of the largest Bitcoin ETF, indicate that the talks remain active.
According to reports, the heads of the Digital Assets and Regulatory Affairs areas of Blackrock took part in the meeting, which was about the existing ETF regulation and the question of how it could be taken over for the development of digital assets. Although these conversations have not led to direct permits, the institutions continue to work for better access to the cryptoma markets by regulated products.
Although the delays irritate some market participants, they do not always indicate a change in the regulatory attitude. The calls of the SEC to obtain statements from the general public indicate a calculated attitude, which can ultimately lead to a seal of approval in contrast to a complete rejection of Altcoin ETFs.
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