- The U.S. SEC has delayed decisions on Solana ETFs.
- Market shows a temporary decline in Solana’s value.
- Regulatory scrutiny continues, impacting ETF approvals.
The U.S. Securities and Exchange Commission delayed its decision on Bitwise’s and 21Shares’ Solana ETFs to October 16, focusing on additional review efforts.
This postponement reflects ongoing regulatory caution, affecting Solana’s market position with notable price drops and liquidations, highlighting regulatory uncertainties in the crypto markets.
The U.S. SEC has postponed its decision on the Bitwise and 21Shares spot Solana ETFs from initial expectations to October 16, 2025. This decision reflects a broader regulatory review needed by the SEC. Entities Bitwise and 21Shares are key players involved in these ETF proposals. Their plans aim for listing Solana ETFs on the Cboe BZX Exchange.
The delay impacted the Solana (SOL) market, with its price falling from near $210 to around $189. This was compounded by higher-than-anticipated U.S. inflation figures influencing investor sentiment. Solana experienced $70 million in liquidations across derivatives exchanges following the SEC’s decision. The financial implications continue as liquidations and volatility ripple through impacted markets.
Crypto ETFs have faced delays before within the SEC, highlighting prolonged timelines often accompanying crypto-related regulatory processes. These delays sometimes lead to speculative volatility in related assets. Historical patterns from similar SEC actions demonstrate a potential for market volatility when final decisions are made. Long-term beneficial outcomes may arise if the ETF gains eventual approval, based on previous crypto market analyses.
The extended timeline is necessary to have sufficient time to consider the proposed rule change and broader market considerations. — Hunter Horsley, CEO, Bitwise
