US SEC Pushes Back Approval Deadline for Franklin Templeton’s Solana ETF

The U.S. Securities and Exchange Commission (SEC) has pushed back the decision deadline for Franklin Templeton’s Solana exchange-traded fund (ETF) to 60 days. The delay comes as the SEC investigates whether the proposed ETF meets listing and trading requirements under CBOE BZX commodity-based trust shares rule. The commission cited the need for sufficient time to thoroughly consider the proposed rule change and address any issues raised, according to a filing on Wednesday.