SEC Pushes Back on Grayscale Hedera and Franklin Solana ETFs, Delaying Market Clarity

The Securities and Exchange Commission (SEC) has once again delayed its decisions on Grayscale’s Hedera Spot ETF, Franklin Solana Spot ETF applications. This delay adds to a growing backlog of crypto exchange-traded fund (ETF) filings, including XRP and Solana applications, as the SEC prioritizes comprehensive evaluations before issuing approvals. The backlog underscores the challenges in navigating a complex regulatory environment for institutional investors seeking access to crypto markets through ETFs.