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The US regulatory body has prolonged its evaluation period for two Solana exchange-traded funds (ETFs) applications until October 16, 2025.
The SEC stated that this extension provides “adequate time to assess” the Solana ETF proposals from Bitwise and 21Shares, which were initially set for review on August 17.
“The Commission deems it suitable to allocate a longer timeframe to issue an order approving or rejecting the proposed rule change to ensure it has ample time for consideration,” the filing from Thursday indicated.
The maximum extension of 60 days will serve as the ultimate deadline for either approval or rejection.
Moreover, the agency has also postponed proposals from Canary Funds and Marinade Finance, as noted by Bloomberg ETF analyst James Seyffart.
“I suspect we won’t see many more of these,” he commented on X. “We anticipate standard spot Solana ETFs to receive approval by mid-October at the latest.”
And @CanaryFunds & @MarinadeFinance Solana ETF filing also delayed pic.twitter.com/bzvNGZIzQc
— James Seyffart (@JSeyff) August 14, 2025
Solana ETFs Approval Anticipated in October?
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In spite of the SEC’s postponement regarding altcoin ETF decisions, Nate Geraci, President of The ETF Store, remains hopeful that a wide range of crypto ETFs will soon enter the market.
In an interview with CNBC, he elaborated on how favorable regulatory conditions and unprecedented inflows into Bitcoin and Ether funds are propelling altcoin activity. He mentioned that the new regulations would lead to a surge of product launches in the upcoming months.
Andrejs Balans, Risk Manager at YouHodler, informed Cryptonews that besides Bitcoin and Ethereum, projects such as Solana and Polkadot have garnered institutional interest, yet are still viewed as experimental.
“Only a handful of these are likely to endure long enough to attract significant attention from major capital allocators.”
SOL Surged Past $200, Indicates Strong Uptrend
Solana’s price climbed to $209 on Thursday, amidst heightened discussions regarding the potential Solana ETF launch in the US. According to CoinMarketCap, the 24-hour low and high are $195.26 and $209.67, respectively.
Data from CoinGlass highlighted substantial buying activity in the derivatives market. Open interest (OI) has approached its recent peak of $12, suggesting that traders are positioning themselves for the continuation of this upward trend.
Additionally, crypto liquidations over the past 24 hours have surged to $800 million, including $50 million in SOL long positions.
The post Solana ETFs Face SEC Delay, Decision Postponed to October appeared first on Cryptonews.
