SEC Delays Decision on Solana ETFs Until October 16

The U.S. SEC has delayed its decision on approving the Solana ETF proposals from Bitwise and 21Shares, citing the need for further review by October 16, 2025.

This postponement reflects ongoing regulatory scrutiny, impacting Solana’s market sentiment as stakeholders anticipate clarity on cryptocurrency investment products.

Market Dynamics and Historical ETF Trends

The U.S. SEC announced it will require additional time to review the ETF proposals from Bitwise and 21Shares. This delay has postponed any potential approval or disapproval until October 16. The SEC stated the need to further consider the proposed rule changes and the issues raised.

The delay impacts the timeline for Solana’s integration into mainstream financial products. Market reactions are mixed, with some anticipating an eventual approval and its potential impact on Solana’s liquidity.

Significant voices in finance, such as Nate Geraci, note the potential for a shift in the cryptocurrency landscape if these ETFs are approved. He emphasized that “SEC delays are expected, but the sheer volume of crypto ETF filings—including for Solana—implies this asset class is entering a new era of mainstream finance.”

Market Data and Future Insights

Did you know? The Bitcoin spot ETF faced similar SEC delays before its approval in early 2024, setting a precedent that potentially influences expectations for Solana’s ETF proposals.

CoinMarketCap reports Solana’s current price at $192.92, with a market cap of $104.11 billion and a 2.60% market dominance. Its 24-hour trading volume is $14.73 billion with a 21.39% change. Solana shows price changes of -4.35% in the past 24 hours, a 10.42% rise over 7 days, and a 17.68% increase over 30 days, reflecting its volatility but sustained growth potential.

The Coincu research team highlights the potential for increased Solana activity should the ETF receive approval. Analysts point to historical trends from Bitcoin and Ethereum ETF approvals, which led to heightened investment flows and speculation. A successful approval could bolster Solana’s market standing significantly.