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2h ago

SEC Pushes Solana ETF Decisions to Mid-October

The commission said extra time is needed to assess technical requirements related to token oversight alongside market surveillance protocols.

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Overview

  • The SEC invoked its maximum 60-day extension to set October 16, 2025 as the new deadline for final rulings on Bitwise and 21Shares spot Solana ETF proposals.
  • Delays also cover Cboe BZX filings from Canary Funds and Marinade Finance as the agency continues its public comment and technical review process.
  • Bitwise and 21Shares submitted amendments in July to address SEC feedback on in-kind creation and redemption mechanics and staking arrangements.
  • Officials said the extensions will allow for deeper scrutiny of technical details, surveillance-sharing measures and potential asset classification issues.
  • Several other firms including Grayscale, ProShares and VanEck have pending Solana ETF applications, while BlackRock has confirmed it is not pursuing a Solana fund.