Solana ETFs Face SEC Delay, Decision Postponed to October

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.