Solana ETFs Face SEC Delay, Decision Postponed to October
Main Idea
The SEC has delayed its decision on Solana ETF proposals from Bitwise, 21Shares, Canary Funds, and Marinade Finance until October 16, 2025, to allow more time for review, with analysts optimistic about eventual approval.
Key Points
1. The SEC extended the review period for Solana ETF proposals to October 16, 2025, citing the need for 'sufficient time to consider' the filings.
2. Bloomberg ETF analyst James Seyffart noted that the 60-day extension is likely the final deadline, with approval expected by mid-October.
3. Nate Geraci, President of The ETF Store, expressed optimism about a broad array of crypto ETFs gaining approval, citing regulatory tailwinds and record inflows.
4. Solana's price surged past $200 amid discussions of a potential ETF launch, with significant buying activity in the derivatives market.
5. Analysts highlighted growing interest in altcoins like Solana and Polkadot from major capital allocators, alongside Bitcoin and Ethereum.
Description
The US regulator has extended its review period for two Solana exchange-traded funds (ETFs) filings to October 16, 2025. The SEC said that the extension allows “sufficient time to consider” Solana ETF proposals from Bitwise and 21Shares, which were originally due on August 17. “The Commission finds that it is appropriate to designate a longer period within which to issue an order approving or disapproving the proposed rule change so that it has sufficient time to consider,” the Thursday filing r...
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