Solana and Litecoin ETFs Delayed by SEC, What’s the Impact?

Updated

May 15, 2025

Gambar Solana and Litecoin ETFs Delayed by SEC, What’s the Impact?

Jakarta, Pintu News – The United States Securities and Exchange Commission (SEC) recently announced a delay in their decision on two ETF applications from Grayscale, involving Solana and Litecoin .

This decision adds to the list of delays already made by the SEC against various crypto ETFs. These delays raise big questions about the future of crypto trading through traditional instruments in the American market.

Check out the full information below!

Postponement by SEC

The SEC has extended the review period for the Solana (SOL) and Litecoin (LTC) ETFs filed by Grayscale. The main reason for this delay is the further need to assess whether the two ETFs meet the investor protection and market transparency standards set by the law.

This decision has a direct impact on Grayscale’s efforts to list on the NYSE Arca exchange. The delay not only affects Grayscale, but also reflects the SEC’s cautious approach under new chairman, Paul Atkins.

The SEC is now focusing more on public engagement and transparency in dealing with financial products related to digital assets. This indicates a change in regulatory strategy that may affect the entire crypto industry.

Also read: Donald Trump’s Exclusive Dinner with Meme Coin Holders: Who Attended?

Bitcoin ETF proposal by BlackRock

bitcoin spot etf — The image created by AI

On the other hand, the SEC also opened the public comment phase for rule changes proposed by BlackRock related to their iShares Bitcoin Trust. This change allows for in-kind exchange, where authorized participants can exchange ETF shares for Bitcoin directly instead of through cash.

This is a significant change from the previously approved cash-only model. Public comments will help the SEC determine whether this redemption mechanism still provides sufficient protection for investors and maintains orderly market functioning.

This change could be an important step in the evolution of Bitcoin ETFs, providing more operational flexibility and potential appeal to investors who prefer non-cash transactions.

Market and Community Reaction

Despite the disappointment of the delay, the investor and analyst community remains optimistic about the chances of future crypto ETF approvals. The delay, while frustrating, also provides more time for the SEC to assess and ensure that all crypto-related financial products meet all stringent legal and regulatory requirements.

The market reaction to this announcement has been mixed, with some investors choosing to wait and see, while others are looking for investment alternatives in crypto assets. The SEC’s subsequent decision will largely determine the direction of the crypto market in the United States, especially in terms of integration with the traditional financial system.

Conclusion

The SEC’s delay of the Solana and Litecoin ETFs shows a more cautious approach to crypto regulation. While this may disappoint some, it also shows the SEC’s seriousness in ensuring that the crypto market develops within a safe and transparent framework. Going forward, this decision is expected to bring greater clarity and stability in crypto regulation.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

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