🚦 SEC Hits the Brakes on Solana ETFs — New Decision Date: October 16

Bitwise and 21Shares stuck in the waiting room as the SEC extends review for Solana-based funds.

📊 Solana ETF Snapshot

• Products affected: Bitwise Solana ETF, 21Shares Core Solana ETF
• New SEC deadline: October 16, 2025
• Competitors in play: Bitwise, 21Shares, ProShares, Grayscale, Canary
• Notably absent: BlackRock (no Solana ETF plans)

🕰️ Delay Déjà Vu

If you’ve followed the SEC’s crypto ETF dance, you know the steps: apply → wait → delay → repeat. This Solana holdup mirrors past moves with Grayscale and Fidelity’s ETF bids. Official line? The SEC “needs more time” to review — unofficially, it’s a sign they’re still warming up to non-BTC/ETH products.

🏁 The Race for Solana ETF Approval

Right now, five firms are chasing the first Solana ETF launch, tweaking filings to meet SEC demands. The backdrop: a more crypto-friendly White House and a flood of ETF filings not just for SOL, but also XRP and Dogecoin.

“The interest is there — it’s the green light that’s missing,” said one ETF strategist.

📈 SEC’s Slow Pivot on Digital Assets

There is movement:

• July 2025 — In-kind creations & redemptions approved for crypto ETFs.
• Spot Bitcoin & Ethereum ETFs now trading.
• Certain crypto options products cleared.

The message? The SEC’s crypto wall is cracking — just not for Solana yet.

🔮 What’s Next?

Mark your calendar for October 16. The SEC could:

• ✅ Approve — and make Solana ETF history.
• ❌ Deny — citing risk or market integrity concerns.
• ⏳ Delay again — the most likely outcome based on history.

Until then, Solana fans are left in limbo, watching Bitcoin and Ethereum ETFs enjoy the spotlight.

TL;DR

• SEC pushes Solana ETF decision for Bitwise and 21Shares to Oct 16, 2025.
• Multiple firms racing to be first, but delays are par for the course.
• SEC slowly easing on crypto ETFs, but SOL still waiting its turn.