SEC Pushes Back Franklin Templeton Solana ETF Decision Again: What it Means For $SNORT

The ￰1￱ and Exchange Commission (SEC) has once more postponed deciding on Franklin Templeton’s proposed spot Solana ETF, extending the review period by another 60 ￰2￱ new deadline is set for November 14, ￰3￱ move underscores both the growing interest in Solana-based investment products and the scrutiny regulators are applying to them; the slowly-forming crypto regulatory framework in the US won’t be an entirely easy ￰4￱ against that background, Solana itself continues to gain steam; $SOL is up nearly 8% in the past ￰5￱ Templeton’s ETF Proposal Franklin Templeton’s proposal centers on a spot Solana ETF, intended to allow investors direct exposure to SOL through a regulated ￰6￱ listing would be under the CBOE BZX Exchange’s commodity-based trust shares rule.

That’s a particular legal framework that the SEC must find satisfactory in terms of transparency, market integrity, and trading ￰7￱ Solana ETF hasn’t had an entirely smooth course so far: The CBOE BZX exchange filed the request to list and trade the Franklin Templeton Solana ETF on March 12, 2025; it was published in the Federal Register on March ￰8￱ SEC delayed its decision in late April and again in mid-June, citing the need for more time to assess whether listing and trading requirements were sufficiently ￰9￱ most recent extension grants the SEC until November 14 to approve or deny the ￰10￱ Solana ETF application (from Grayscale) has a decision deadline of October 10, ￰11￱ Impact & Investor Response The announcement of the delay sparked surprising optimism in the ￰12￱ jumped more than 4% in the past 24 hours, trading around $222.75, amidst speculation of a rally toward $250.

In addition, derivatives markets show strong interest: open interest in $SOL futures across platforms like Binance and CME rose by 8-11%, while overall futures open interest exceeded $15.5B. Despite the positive momentum, there are factors tempering investor enthusiasm: The SEC is looking closely at whether the ETF meets listing and trading standards under regulatory rules, which still leaves room for objections or further ￰13￱ volume has slipped slightly in recent hours, suggesting some investors may be waiting for more definitive ￰14￱ macroeconomic conditions, such as pending US inflation (CPI) data, may also influence both market sentiment and regulatory urgency.

Solana’s steady growth this year and surprising strength also boosts related projects like Snorter Token ($SNORT), one of the best ways to trade hidden gems of Solana meme ￰15￱ Token ($SNORT) – Sniff Out, Snipe, Win with the Best Solana Meme Coins Solana’s meme coin market is as vibrant as ever, with thousands of tokens launching each and every ￰16￱ sorting through the losers to find the winners remains a challenging task. Fortunately, the Snorter Bot is here to make your job ￰17￱ by the Snorter Token ($SNORT) , the Snorter Bot offers traders a wide range of tools all designed to make finding the next best meme coin easier than ￰18￱ automated sniping tools, stop loss/take profit limit orders, and better-than-the-competition trading fees.

There’s even integrated protection against common scams like honeypots and rug pulls and copy trading for advanced traders looking for an ￰19￱ the back of Solana’s success, the Solana-focused $SNORT token has pushed to a strong $3.8M presale; you can learn how to buy $SNORT and join the presale with our ￰20￱ currently cost $0.1041, but our price prediction shows that could hit $0.032 by the end of the ￰21￱ out the Snorter Token ($SNORT) presale for the latest up-to-date info. Currently, investors expect the SEC to approve the new Solana ETF before the new November 14 ￰22￱ could – and should – send both $SOL and HYPER even ￰23￱ by Bodan Patru, Bitcoinist – ￰0￱