Key Takeaways
- SEC extends review of Bitwise and 21Shares Solana ETF filings to October 16, 2025.
- SOL pulled back from near $210 to $190 after US inflation data rattled risk assets.
The US Securities and Exchange Commission has extended its review period for two proposed Solana ETFs from Bitwise and 21Shares, setting a new deadline of October 16, 2025, for a decision.
Both proposals seek to list and trade shares on the Cboe BZX Exchange under its Commodity-Based Trust Shares rule.
The delay comes as Solana’s price hovers around $190 after retreating from nearly $210 earlier in the week. In the past 24 hours, $70 million in SOL liquidations were recorded, according to Coinglass data.
The pullback followed hotter-than-expected US inflation data that sent risk assets lower. The July Producer Price Index rose 0.9% versus expectations for 0.2%, with the annual figure climbing to 3.3% against forecasts for 2.5%.
Solana was last trading at $189 at press time, according to CoinGecko data.
Source: https://cryptobriefing.com/sec-delays-21shares-spot-solana-etf/