The U.S. Securities and Exchange Commission (SEC) has announced a delay in decisions regarding Solana-based ETFs until October 2025. This decision reflects a cautious regulatory approach towards cryptocurrency investment products.
Critical Deadlines for Multiple Applicants
The SEC has set identical deadlines for both the Bitwise Solana ETF and 21Shares Core Solana ETF proposals, which face a deadline of October 16. The orders highlight the need for 'sufficient time to consider' proposed rule changes.
Market Dynamics and Regulatory Concerns
Industry analysts point to several factors complicating the approval process. 'Even with market infrastructure for Solana maturing, unresolved concerns regarding regulatory classification and network stability still loom,' commented Shawn Young, chief analyst at MEXC Research. The classification of SOL remains a key factor as it significantly affects future altcoin ETF bids.
Broader Regulatory Context and Future Outlook
The SEC has delayed decisions on several crypto ETF applications, despite a potential pivot towards a more proactive policy. Some analysts believe it may be as late as 2026 before a spot Solana ETF is fully approved, while others see hope for more optimistic timelines. All of this creates a context for broader decisions regarding cryptocurrency ETFs.
The October 16 deadline represents a critical inflection point for Solana and other altcoins. Success or failure in approving the Solana ETF could significantly impact the cryptocurrency market.
