The U.S. Securities and Exchange Commission (SEC) has delayed its decision on Solana ETFs until October 2025, significantly affecting market dynamics.
SEC Extends Solana ETF Review to 2025
The SEC has officially delayed the review of ETF applications for Solana from Bitwise and 21Shares to October 2025 due to additional regulatory review needs.
Solana Price Drops $20 Post-SEC Announcement
The SEC's announcement caused Solana's price to drop from $210 to $190, leading to approximately $70 million in liquidations within a 24-hour period.
SEC Crypto ETF Delays Mirror Bitcoin, Ethereum
Historically, SEC delays on crypto ETFs, including Bitcoin and Ethereum, have led to temporary outflows and price volatility. Experts believe long-term impacts may align with past trends.
The SEC's actions regarding Solana ETFs highlight significant regulatory and market dynamics that shape the future of cryptocurrency investments.
