The US regulator has prolonged its assessment interval for 2 Solana exchange-traded funds (ETFs) filings to October 16, 2025.
The SEC stated that the extension permits “enough time to contemplate” Solana ETF proposals from Bitwise and 21Shares, which have been initially due on August 17.
“The Fee finds that it’s acceptable to designate an extended interval inside which to challenge an order approving or disapproving the proposed rule change in order that it has enough time to contemplate,” the Thursday submitting learn.
The utmost 60-day extension authority would be the ultimate deadline for approval or denial.
Additional, the company has additionally delayed proposals from Canary Funds and Marinade Finance, Bloomberg ETF analyst James Seyffart famous.
“Suspect we received’t see too many extra of those,” he wrote on X. “We’re anticipating customary spot Solana ETFs to be permitted by mid-October on the newest.”
And @CanaryFunds & @MarinadeFinance Solana ETF submitting additionally delayed pic.twitter.com/bzvNGZIzQc
— James Seyffart (@JSeyff) August 14, 2025
Solana ETFs Approval Probably in October?
Regardless of the SEC’s delay on altcoin ETF choices, Nate Geraci, President of The ETF Retailer, is optimistic {that a} broad array of crypto ETFs will hit markets quickly.
Talking to CNBC, he defined how regulatory tailwinds and report inflows into Bitcoin and Ether funds are driving altcoin momentum. He stated that the brand new guidelines would set off a flood of product launches within the coming months.
Andrejs Balans, Threat Supervisor at YouHodler, advised Cryptonews that other than Bitcoin and Ethereum, initiatives like Solana and Polkadot have attracted institutional curiosity, however are nonetheless thought of experimental.
“Just a few of those are prone to survive lengthy sufficient to realize critical consideration from main capital allocators.”
SOL Surged Previous $200, Signifies Sturdy Uptrend
Solana worth rose to $209 on Thursday, amid hovering discussions over the potential Solana ETF launch within the US. Per CoinMarketCap, the 24-hour high and low are $195.26 and $209.67, respectively.
CoinGlass information famous huge shopping for within the derivatives market. Open curiosity (OI) has elevated close to its latest report of $12, which signifies that merchants are positioning for the continuation of this uptrend.
Moreover, crypto liquidations prior to now 24 hours have surged to $800 million, together with $50 million value of SOL lengthy positions.
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