The U.S. Securities and Exchange Commission (SEC) has delayed its decision on Solana ETFs until October 16, 2025, which could impact the cryptocurrency market.
SEC's Delayed Decision on Solana ETFs
The SEC has decided to postpone its decision on several applications for Solana ETFs filed by various investment firms until October 16, 2025. This decision is part of the standard review process and reflects the regulator's cautious approach towards cryptocurrency symbols.
Decline in Solana's Price Amid News
Following the SEC's delay, Solana's price has declined, reflecting overall market volatility. Investors have become more cautious amidst the uncertainty created by the regulator's decision.
Potential Market Implications
Despite the SEC's decision, analysts note that there is strong institutional interest in Solana. Specifically, the recently launched Solana Staking ETF has attracted significant investment. James Seyffart, an ETF analyst at Bloomberg Intelligence, remarked, “We’re expecting standard spot Solana ETFs to be approved by mid-October at latest.”
In conclusion, the extension of the review process for Solana ETFs points to ongoing risks for investors, however, stable institutional interest may support the asset's underlying fundamentals.
