SEC Extends Deadlines for BlackRock Ethereum, Franklin Solana, XRP ETF Decisions

The U.S. Securities and Exchange Commission (SEC) has postponed decisions on multiple cryptocurrency exchange-traded funds (ETFs), including BlackRock's iShares spot Ethereum ETF and Franklin Templeton's proposed Solana (SOL) and XRP ETFs, extending deadlines into late 2025. The delays reflect the SEC's cautious approach to crypto ETFs, focusing on market integrity and regulatory compliance as it thoroughly reviews these complex financial products. Analysts highlight that approval of a spot SOL ETF could significantly boost Solana's adoption, liquidity, and institutional interest, drawing parallels to the market rallies that followed Bitcoin and Ethereum spot ETF launches. While some experts are optimistic about a Solana ETF approval potentially driving prices above $300 in the short term, opinions remain split on whether this will happen by 2026. Meanwhile, other cryptocurrencies like Layer Brett ($LBRETT), an Ethereum Layer 2 meme coin, are gaining attention for their high-speed technology and staking rewards, offering alternative investment prospects independent of ETF speculation. The crypto community is eagerly awaiting the SEC’s final decisions, with key deadlines approaching, amid broader market factors such as anticipated Federal Reserve interest rate cuts that may influence investor sentiment.