Solana News Today: SEC Delays Ethereum and Solana ETF Approvals to 2025

The U.S. Securities and Exchange Commission (SEC) has extended the review period for staking-related provisions in 21Shares’ spot Ethereum ETF application, with a new decision date set for October 16, 2025 [1]. This delay is part of a broader regulatory slowdown affecting multiple Ethereum and Solana-linked ETFs, including those from Bitwise and others [2]. The SEC cited the need for a more in-depth evaluation to address the complexities of staking mechanisms and institutional-grade product frameworks [3].

The announcement triggered a short-term price correction in the Solana (SOL) market, with the asset dropping 6.3% immediately after the news was released. It later stabilized and rebounded slightly to $191.81 [4]. Analysts attribute the delay to the SEC’s cautious stance on novel crypto product features, particularly those involving yield generation and staking components [5]. This prolonged regulatory timeline introduces uncertainty among market participants who had expected clarity by late August [6].

Despite the regulatory hold, Solana has demonstrated resilience, maintaining a favorable technical outlook with an RSI of 57.89 and a bullish MACD signal [4]. Institutional demand for Solana-based products remains robust, with continued ETF inflows supporting the growing narrative of institutional adoption [7]. The REX-Osprey Solana spot ETF, for instance, has seen consistent capital inflows, indicating sustained interest even amid the regulatory pause [8].

The delay is not exclusive to Ethereum or Solana. Franklin Templeton anticipates that several crypto ETFs may receive approval by late 2025, though Ethereum staking products could face further delays due to unresolved compliance and structural concerns [9]. This suggests the SEC is likely implementing a phased approval process, favoring simpler products before tackling more complex offerings.

Market participants are advised to watch key price levels for Solana, with immediate resistance at $209.86 and strong support at $144.85 [4]. The current consolidation phase reflects broader uncertainty, and a decisive move beyond these levels could signal a renewed trend. Traders are encouraged to balance technical analysis with regulatory developments when making decisions on Solana-based products [4].

Source:

[1] ChainCatcher https://www.chaincatcher.com/en/article/2198125

[2] AInvest https://www.ainvest.com/news/solana-news-today-solana-rises-4-5-etf-delays-procedural-hurdle-2508/

[3] Barchart.com https://www.barchart.com/story/news/34209882/3-best-altcoins-to-buy-on-xrp-etf-approval-solana-magacoin-finance-lead-the-pack

[4] Blockchain News https://blockchain.news/news/20250817-solana-sol-price-hovers-near-192-as-etf-delays-challenge

[5] CoinDCX https://coindcx.com/blog/crypto-news-weekly/crypto-roundup/

[6] NewsBTC https://www.newsbtc.com/news/solana/solana-trading-range-indicates-potential-price-fall-to-160-analyst/

[7] Binance https://www.binance.com/en/square/post/28472158662537

[9] Facebook https://www.facebook.com/groups/cryptocurrencycoinmarket/posts/1998028737607006/