- SEC extends final decision on Franklin Solana and XRP ETFs to November 14, 2025.
- BlackRock’s Ethereum staking ETF now set for final SEC ruling on October 30, 2025.
The US Securities and Exchange Commission (SEC) has extended the timeline to decide on several cryptocurrency ETF proposals, including those from BlackRock and Franklin Templeton. These include ETFs linked to Ethereum staking, Solana, and XRP.
According to filings published this week, the SEC will now make a decision on Franklin Templeton’s Solana and XRP ETFs by November 14, 2025. This is the second extension granted to the proposals.
In April, the deadline was moved to June, followed by a formal proceeding in mid-June that triggered a 180-day review. The final extension under the law has now been applied, meaning a decision must be made by the new November deadline.
Ethereum Staking ETF Proposal Also Postponed
BlackRock’s proposal to amend its iShares Ethereum Trust to allow staking has also been delayed. A new deadline of October 30, 2025, has been set for the SEC to approve or reject the filing. The amendment, submitted by Nasdaq on July 16, is one of the first to propose staking support within an ETF structure.
Franklin’s own amendment related to Ethereum staking also received a new deadline of November 13, 2025. This amendment, along with the Solana and XRP proposals, was filed earlier in March with Cboe BZX.
SEC filings mention that more time is needed to assess the proposed rule changes but do not provide further details on the agency’s stance. The review periods follow the framework outlined in Section 19(b) of the Securities Exchange Act, which allows the Commission to extend reviews by up to 180 days, with additional time if necessary.
In addition, the SEC currently has over 90 crypto-linked ETF applications under review, including products tied to Dogecoin, Hedera, and Truth Social’s Bitcoin and Ethereum ETFs. Most of these proposals have been pushed into October and November 2025, with Grayscale’s Solana Trust facing a decision on October 10. That date may be viewed as an early signal for other Solana-related filings.
Several asset managers, including Grayscale, VanEck, and 21Shares, have also submitted updated applications for Solana and XRP ETFs, with some modifying details to meet regulatory expectations. These updates continue to be reviewed on a rolling basis.
Market Movement and Analyst Expectations
The price of Solana (SOL) has risen by 2% in the past 24 hours, reaching $223. Over the last month, SOL is up 27%, and more than 80% over the past six months. Its one-year performance shows a gain of 69%.
XRP also saw a gain of 2% over the same 24-hour period, trading at $3. It has increased over 32% in the last six months and 454% over the past year, despite a slight drop in the past month.
ETF analyst James Seyffart said the chance of approval for Solana and XRP ETFs by year-end remains high, estimating it at 95%.
The next key dates include October 10 for Grayscale’s Solana Trust and October 30 for BlackRock’s Ethereum staking proposal.
