Solana ETFs Face SEC Delay, Decision Postponed to October
0SEC
Solana ETF
Solana ETF proposals from Bitwise, 21Shares, Canary Funds and Marinade Finance has been delayed by the regulator.
Author
Sujha Sundararajan
Author
Sujha Sundararajan
About Author
Sujha has been recognised as 🟣 Women In Crypto 2024 🟣 by BeInCrypto for her leadership in crypto journalism.
Author Profile
Share
Copied
Last updated:
1 hour ago
Why Trust Cryptonews
Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas - from cryptocurrencies and blockchain projects to industry events, products, and technological developments. Our ongoing presence in the industry reflects our commitment to delivering relevant information in the evolving world of digital assets. Read more about Cryptonews
The US regulator has extended its review period for two Solana exchange-traded funds (ETFs) filings to October 16, 2025.
The SEC said that the extension allows “sufficient time to consider” Solana ETF proposals from Bitwise and 21Shares, which were originally due on August 17.
“The Commission finds that it is appropriate to designate a longer period within which to issue an order approving or disapproving the proposed rule change so that it has sufficient time to consider,” the Thursday filing read.
The maximum 60-day extension authority will be the final deadline for approval or denial.
Further, the agency has also delayed proposals from Canary Funds and Marinade Finance, Bloomberg ETF analyst James Seyffart noted.
“Suspect we won’t see too many more of these,” he wrote on X. “We’re expecting standard spot Solana ETFs to be approved by mid-October at the latest.”
Solana ETFs Approval Likely in October?.
Despite the SEC’s delay on altcoin ETF decisions, Nate Geraci, President of The ETF Store, is optimistic that a broad array of crypto ETFs will hit markets...
hthttps://cryptonews.com/news/solana-etfs-face-sec-delay-decision-postponed-to-october/#crypto #bitcoin #ethereum #cryptocurrency #news #blockchain #litecoin #cryptonews #cryptonewstoday #cryptoworld #cryptonewstoday
***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST ENTERTAINMENT!
This information is what was found publicly on the internet. This information could’ve been doctored or misrepresented by the internet. All information is meant for public awareness and is public domain. This information is not intended to slander harm or defame any of the actors involved but to show what was said through their social media accounts. Please take this information and do your own research.
bitcoin, blockchain, crypto, cryptocurrency, altcoin, investment, ethereum, bitcoin crash, xrp, cardano, ripple