Solana News Today: SEC delays Solana ETF decision to October 2025 extending review by 60 days

The U.S. Securities and Exchange Commission (SEC) has delayed its decision on multiple spot Solana exchange-traded fund (ETF) proposals submitted by Bitwise, 21Shares, and Canary Capital to October 2025, extending the review period by the maximum allowable 60 days [1]. The regulator stated in its filings that the additional time is necessary to fully assess the applications and the issues they raise [1]. This marks a significant shift from earlier expectations that a decision would be made during the summer of 2025.

Bloomberg ETF analyst James Seyffart has noted that further delays are unlikely, as the SEC has already exhausted the full extension for this ETF review cycle. Based on this, he expects a decision on standard spot Solana ETFs by mid-October at the latest [1]. His outlook aligns with that of other market analysts who believe the chances of approval remain high, especially given the pro-crypto stance of the current administration and regulatory body [1].

While the ETF approvals remain pending, the first U.S. Solana staking ETF, the REX Shares Solana Staking ETF (SSK), has attracted notable investor interest. On August 14, the fund recorded a record $13 million in inflows and $66 million in daily trading volume, just six weeks after its launch on July 2 [1]. These inflows have pushed the fund’s assets under management beyond $150 million, signaling strong demand for Solana-based investment products despite the broader crypto market’s volatility [1].

The growing interest in Solana reflects a broader shift in market sentiment toward alternative cryptocurrencies with strong infrastructure and utility. Solana’s high-performance blockchain has made it a key player in decentralized finance (DeFi) and non-fungible token (NFT) ecosystems [1]. However, the lack of a clear regulatory framework for spot ETFs remains a barrier to wider institutional adoption, despite the platform’s appeal to both retail and institutional investors [1].

The extended timeline for the Solana ETF decision highlights the SEC’s cautious approach to crypto-related financial products. This regulatory uncertainty has led to varied investor responses, with some adopting a wait-and-see stance and others redirecting capital to alternative projects with clearer regulatory trajectories [1]. As the SEC continues to evaluate the risks and benefits of approving spot crypto ETFs, the outcome is expected to play a pivotal role in shaping the future of Solana and other digital assets in the U.S. market [1].

Source: [1] CoinCentral - [https://coincentral.com/sec-hits-pause-on-solana-etfs-decision-pushed-to-october-16/](https://coincentral.com/sec-hits-pause-on-solana-etfs-decision-pushed-to-october-16/)