The U.S. Securities and Exchange Commission (SEC) has postponed its decision on two prominent Solana ETFs. SEC delays Solana ETF decision, extends the review period for the Bitwise Solana ETF and the 21Shares Core Solana ETF, pushing the new deadline to October 16, 2025.
SEC Delays Solana ETF Decision
SEC delays Solana ETF decision isn’t entirely unexpected, given the regulator’s cautious approach to crypto assets beyond Bitcoin and Ethereum.
Both ETFs were proposed earlier in 2025, aiming to track Solana’s performance through futures contracts or underlying assets.
Bitwise Asset Management, known for its Bitcoin and Ethereum funds, aims to provide investors with indirect exposure to Solana without requiring direct ownership. Similarly, Switzerland-based 21Shares focuses on a core ETF that could democratize access to this fast-growing ecosystem.
The postponement stems from the need for a more comprehensive evaluation, including public comments, market integrity checks, and assessments of price manipulation risks.
This marks the second or third extension for Solana-related proposals, mirroring delays seen in other altcoin ETFs like those from Grayscale and VanEck.
Analysts suggest the SEC is awaiting clearer economic data, such as recent U.S. inflation figures, to assess broader impacts.
SEC Delays Solana ETF Decision – Key Impacts
- Market Reaction: Solana’s price (SOL) dipped slightly to around $190, with over $70 million in liquidations on derivatives markets, reflecting investor disappointment.
- Community Response: On platforms like X (formerly Twitter), discussions exploded, with users speculating on potential approvals by late 2025 and calling for faster regulatory action to prevent market manipulation.
- Broader Implications: This could stall an “altseason” surge, but it might pave the way for other ETFs, such as XRP, if new listing standards are met. Experts predict that approval could boost Solana’s adoption, similar to Ethereum’s post-ETF rally.
While frustrating, SEC delays Solana ETF decision underscores the regulator’s priority on investor protection in a volatile market. Crypto enthusiasts remain optimistic, viewing it as a temporary hurdle rather than a roadblock.
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