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The SEC postponed its decision on Solana ETF proposals from Bitwise and 21Shares.
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New deadline is October 16, following the agency’s usual extension pattern.
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Multiple other SOL ETF applications are also pending.
Deadline Extension
The U.S. Securities and Exchange Commission delayed its ruling on the Bitwise Solana ETF and the 21Shares Core Solana ETF. The new decision date is set for October 16, giving the SEC more time to review the proposals.
Other Pending Applications
Applications from firms like Grayscale, Fidelity, and ProShares are also awaiting approval. This follows a wave of new crypto ETF filings under a more favorable U.S. administration, though BlackRock has said it has no plans for a Solana ETF.
Regulatory Context
The SEC’s stance on crypto ETFs has shifted in the past year, with approvals for spot Bitcoin and Ethereum ETFs already in place. The Solana ETF decisions will be watched closely as a gauge of the regulator’s openness to broader crypto investment products.
