Solana News Today: SEC delays Solana ETF decision to October 16 2025 amid regulatory scrutiny

The U.S. Securities and Exchange Commission has extended the decision deadline for two proposed spot Solana (SOL) ETFs from Bitwise and 21Shares to October 16, 2025. The SEC disclosed the extension in filings published on July 3, 2025, citing the need for additional time to evaluate the proposals and the broader issues they raise. The Commission stated that the extended timeline would allow it to "have sufficient time to consider the proposed rule change," according to the filings [1].

This delay is consistent with the SEC’s recent pattern of extending decision dates for crypto-related ETF applications. Other Solana ETF proposals from firms such as Grayscale and Fidelity have also faced similar delays. The SEC has received an increasing number of applications for crypto ETFs in recent months, including those tracking assets like XRP and DOGE, reflecting a growing interest in the sector [1].

Despite the extended timeline, firms have continued to refine their proposals in an effort to meet regulatory expectations. Bitwise, 21Shares, and others are among those awaiting final approval. Notably, BlackRock, the world’s largest asset manager, which currently lists bitcoin and Ethereum ETFs, has no plans to launch a Solana ETF at this time [1].

The SEC’s evolving stance on crypto ETFs has been shaped by several recent developments. In July 2025, the agency approved orders allowing in-kind creations and redemptions for crypto ETFs, and permitted applications for spot bitcoin and Ethereum ETFs, as well as options on certain spot bitcoin ETPs. These changes followed the approval of spot bitcoin ETFs and later Ethereum ETFs under the Biden administration, which was influenced by a pivotal court ruling [1].

Market reactions to the delay have been mixed. On July 24, 2025, Solana’s price dropped from near $210 to $190 following the announcement, reflecting the heightened sensitivity of crypto assets to regulatory news. The drop coincided with broader market volatility linked to U.S. inflation data, underscoring the complex interplay between macroeconomic factors and crypto market sentiment [2].

The extended timeline for the Solana ETF applications has raised questions about the SEC’s internal decision-making process and its approach to regulating crypto assets. While the agency has defended its actions as necessary for investor protection and market integrity, some industry participants have criticized the delays as opaque and inconsistent. The outcome of the October 16 decision could serve as a key indicator of the SEC’s future approach to crypto ETFs and other digital asset products [1].

Analysts are closely monitoring the October deadline to assess whether the SEC will adopt a more favorable stance on spot crypto ETFs. The extended timeline provides the agency with additional time to review stakeholder feedback, evaluate legal risks, and align its decision with broader regulatory objectives. A favorable outcome for the Solana ETFs could signal a shift in the SEC’s regulatory posture and potentially open the door for a wider range of crypto-based financial products [5].

Source:

[1] title1.............................(https://www.theblock.co/post/367070/us-sec-delays-decision-on-solana-etf-proposals-from-bitwise-and-21shares-to-october)

[2] title2.............................(https://cryptobriefing.com/sec-delays-21shares-spot-solana-etf/)

[5] title5.............................(https://www.blockscholes.com/research)