The U.S. Securities and Exchange Commission (SEC) announced a delay in its decision on the Grayscale Solana ETF proposal submitted to the New York Stock Exchange (NYSE). This delay was widely anticipated, as the SEC has up to 240 days from the receipt of the initial filing confirmation to make a final ruling. In this case, the deadline is October 2025. This move aligns with the SEC's standard approach to 19b-4 filings, allowing the agency time to assess whether the ETF complies with federal securities laws, its structural details, and any broader market impacts. This delay reflects the SEC's ongoing cautious stance towards crypto-related financial products, particularly when weighing the risks and regulatory complexities posed by new products such as SOL-based ETFs. The SEC's review of the Grayscale Solana ETF is part of a broader effort to enhance regulatory scrutiny, aimed at ensuring that digital asset products meet existing compliance standards before being approved for public trading.