America’s Securities and Trade Fee (SEC) has currently postponed its decision on Grayscale’s Spot Solana (SOL) and LiteCoin (LTC) ETFs. SEC says that these ETF proposals need to protect investors and examine the standard of market transparency and deeply.
This delay has come at a time when legendary firms like Grayscale are constantly trying to list the crypto -based ETFs on traditional stock exchanges like NYSE ArcA.
What is the matter?
Grayscale applied to SEC to list its Spot Solana and LiteCoin ETFS on NYSE Arca Trade. These ETFs will give investors a chance to invest directly without the need to buy tokens in SOL and LTC from Traditional Brokerage Accounts.
But SEC says that they need more time to decide whether these funds follow all the rules under Securities Trade Employment of 1934. For this reason, SEC has extended the last date of this decision and now it can run longer.
The same situation on LiteCoin ETF
Along with solana SEC also postponed its decision regarding LiteCoin ETF Proposal Is. SEC said that the review of LTC ETF is also going on and it is not clear at the moment whether this filing completes all the necessary markets and legal standards.
Now both these ETF proposals will proceed under an extended deadline, in which SEC will first take public comments, then reach a conclusion.
Public comment process started
In the meantime, SEC has also launched a public comment stage on the new Bitcoin ETF Type of Blackrock besides Grayscale. Blackrock has proposed a change in its Ishares Bitcoin Believe in which ETF shares can be transformed directly into Bitcoin instead of cash.
The purpose of this “In-Work Redemption” model is to give more liquidity to investors and maintain stability in the market. SEC is now taking opinion from people on this proposal to decide whether this change will affect the safety of investors or not.
Estimation on Polymarket: P themeer more chances of approval
Although the decision of SEC has not yet come, the Cripto Prediction platform is expected to get 82% to Solana ETF of Grayscale and LiteCoin ETF 80% approved on Polymarket by 31 December 2025.
SEC’s new chairman and changing trend
During the tenure of SEC’s new chairman Paul Atkins, the attitude of the institution is becoming more transparent and communicable. Recently SEC has taken many major decisions, such as:
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Closing several crypto-enforcement cases including RIPPLE case.
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SEC application for SPOT DOGECOIN ETF Accept.
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Organizing more public comments and industry rounds.
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This indicates that SEC now wants to see Crypto sector with new thinking and new approach rather than old rules.
Conclusion
Regardless of delay, but direction is positive. This new policy of SEC may be slightly slower about Crypto ETFS, but it indicates that the institution now wants to decide every aspect carefully. This wait for Grayscale is definitely a little troublesome, but if approval is received then it will be a big step for the Crypto market. What will happen next, it will depend on the final decision of SEC but the path is open and the destination does not seem far away.
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