The US regulator has prolonged its assessment interval for 2 Solana exchange-traded funds (ETFs) filings to October 16, 2025.
The SEC stated that the extension permits “adequate time to think about” Solana ETF proposals from Bitwise and 21Shares, which have been initially due on August 17.
“The Fee finds that it’s applicable to designate an extended interval inside which to situation an order approving or disapproving the proposed rule change in order that it has adequate time to think about,” the Thursday submitting learn.
The utmost 60-day extension authority would be the last deadline for approval or denial.
Additional, the company has additionally delayed proposals from Canary Funds and Marinade Finance, Bloomberg ETF analyst James Seyffart famous.
“Suspect we gained’t see too many extra of those,” he wrote on X. “We’re anticipating normal spot Solana ETFs to be authorized by mid-October on the newest.”
And @CanaryFunds & @MarinadeFinance Solana ETF submitting additionally delayed pic.twitter.com/bzvNGZIzQc
— James Seyffart (@JSeyff) August 14, 2025
Solana ETFs Approval Probably in October?
Regardless of the SEC’s delay on altcoin ETF choices, Nate Geraci, President of The ETF Retailer, is optimistic {that a} broad array of crypto ETFs will hit markets quickly.
Talking to CNBC, he defined how regulatory tailwinds and file inflows into Bitcoin and Ether funds are driving altcoin momentum. He stated that the brand new guidelines would set off a flood of product launches within the coming months.
Andrejs Balans, Danger Supervisor at YouHodler, informed Cryptonews that other than Bitcoin and Ethereum, initiatives like Solana and Polkadot have attracted institutional curiosity, however are nonetheless thought of experimental.
“Just a few of those are prone to survive lengthy sufficient to achieve severe consideration from main capital allocators.”
SOL Surged Previous $200, Signifies Robust Uptrend
Solana value rose to $209 on Thursday, amid hovering discussions over the potential Solana ETF launch within the US. Per CoinMarketCap, the 24-hour high and low are $195.26 and $209.67, respectively.
CoinGlass information famous huge shopping for within the derivatives market. Open curiosity (OI) has elevated close to its latest file of $12, which signifies that merchants are positioning for the continuation of this uptrend.
Moreover, crypto liquidations previously 24 hours have surged to $800 million, together with $50 million price of SOL lengthy positions.
The publish Solana ETFs Face SEC Delay, Choice Postponed to October appeared first on Cryptonews.