Solana ETFs Await a Decision… The SEC Delays Final Decision Until October Amid Market Anticipation

The U.S. Securities and Exchange Commission (SEC) has once again postponed its decision regarding the launch of exchange-traded funds (ETFs) that track the Solana cryptocurrency, in a move that keeps the anticipation prevailing in the cryptocurrency markets.

In separate notices dated August 14, the SEC announced an extension for the review of three proposals submitted by Bitwise, 21Shares, and Canary Capital, justifying the delay by the need for more time to study the proposed rule changes. As such, the SEC set October 16, 2025, as the final deadline for a decision, which is the last allowable date in the current review cycle, forcing it to issue a final decision on approval or rejection on that date.

This development comes amid a series of delays affecting other altcoin ETFs like XRP recently, but the atmosphere of optimism remains strong, especially after Bloomberg analysts James Seyfert and Eric Balchunas raised their approval likelihood forecasts from 90% in June to 95%.

Seyfert commented on the decision, confirming that the most likely scenario is the approval of the ETFs by the specified date, while ruling out any further delays, noting increased communication between the SEC and the issuers, along with recent amendments reflecting a constructive dialogue behind the scenes.