- SEC postpones Solana ETF decision to October 2025.
- Move impacts Solana and related markets.
- Reflects ongoing regulatory caution in crypto ETFs.
The U.S. Securities and Exchange Commission has delayed its decision on the Bitwise and 21Shares Solana ETFs until October 16, citing the necessity for additional market and regulatory review.
The delay affects Solana’s market, triggering a $20 price drop and $70 million in liquidations, reflecting ongoing regulatory caution and impacting broader cryptocurrency ETFs.
The U.S. Securities and Exchange Commission (SEC) has postponed the decision on the Bitwise and 21Shares Solana ETF proposals. The decision is now expected by October 16, 2025, due to the need for further evaluation.
Bitwise Asset Management and 21Shares are key entities involved in the ETF proposals. These ETFs, if approved, would be listed on the Cboe BZX Exchange. The delay indicates an elongated review and careful consideration process by the SEC.
The delay has immediately impacted Solana’s market behavior. Solana’s price saw a $20 drop, which led to liquidations amounting to $70 million within a day. It indicates the level of investor sensitivity to SEC’s decisions.
The postponement might influence the broader cryptocurrency market, affecting other potential ETF listings, including Bitcoin and Ethereum. This delay underscores the SEC’s cautious regulatory stance toward digital assets and their related products.
Continued delays may affect further investments and institutional interests in crypto-related ETFs. It highlights ongoing scrutiny over market integrity and compliance aspects related to these financial products.
Historically, SEC’s hesitation on ETF approvals has led to increased market volatility. Analysts suggest that these deferments represent growing pains as digital asset ETFs strive for maturity and acceptance within regulatory frameworks.
Industry Insight
“The move is part of a broader trend of regulatory caution and growing pains as digital asset ETFs mature.” – Crypto Briefing
