The SEC has delayed its decision on Solana ETF applications until October 16, as investor demand for Solana products grows.

 

The U.S. Securities and Exchange Commission (SEC) has postponed its decision on multiple Solana exchange-traded fund (ETF) proposals. 

This extension has pushed the deadline to October 16, and comes as investor interest in Solana products continues to grow.

SEC Extends Solana ETF Review Period

The SEC has delayed its decision on spot Solana ETF applications from Bitwise, 21Shares and Canary Capital. This is the maximum 60-day extension allowed under its procedural rules. 

NEW: Two delay orders on @BitwiseInvest & @21Shares‘ Solana ETF Filings. Suspect we wont see too many more of these pic.twitter.com/6XNQPuvErF

— James Seyffart (@JSeyff) August 14, 2025

The regulator said it needs additional time to monitor the proposed rule changes, and cited issues related to market integrity, investor protection and the “classification”.

In other words, “whether Solana is a security or a commodity”.

The applications were first submitted in January, with initial reviews in March and May. This latest delay means that the Commission has now spent all of its extension options before issuing a final ruling.

Rising Demand for Solana Staking ETF

While the SEC continues to weigh its decision on spot Solana ETFs, the first U.S. Solana staking ETF is gaining traction. 

The demand for Solana staking ETFs has been strong lately | Farside Investors

In particular, the REX Shares Solana Staking ETF (SSK) recorded $13 million in inflows on August 14, along with $66 million in daily trading volume. This marks the highest level of activity since its launch on July 2.

Over just six weeks, the SSK has broken above $150 million in assets under management. This rate of growth shows the rising appetite for Solana-based investment products, even during periods of price volatility.

Despite this demand, Solana’s spot price fell 6% in the past 24 hours to $191, just as the general crypto market experienced a downturn.

Factors Behind the SEC’s Caution

The SEC’s review is now focusing on several issues before approving a Solana ETF. These include the risk of market manipulation, the adequacy of surveillance-sharing agreements and whether Solana should be classified as a security or a commodity.

There have also been worries about the concentration of control among a small number of network participants and the overall maturity of the Solana blockchain. Regulators want to make sure that such products operate in a compliant and investor-protected framework before approving.

Shawn Young, chief analyst at MEXC Research, said that the SEC’s review process shows a need to balance innovation with safeguards. He pointed out that regulatory clarity and a mature ecosystem are important for investor confidence.

Investors are Watching October 16

The new deadline is now being watched closely by both investors and the crypto industry. Market participants are looking to see whether the SEC will approve the proposed ETFs or introduce further conditions.

The decision will determine what happens with Solana’s price and also determine the regulatory framework for other altcoins like XRP and Cardano.

#SEC delays Solana #ETF decisions:

1⃣ Bitwise #Solana ETF

2⃣ 21Shares Core Solana ETF

New deadline: Oct 16, 2025
Regulators keep stalling—markets keep watching.#SOL pic.twitter.com/ly1FcKBLiZ

— Satoshi Talks (@Satoshi_Talks) August 14, 2025

In all, the SEC’s delay in deciding on the Solana ETF proposals shows that while the agency has become more welcoming of digital assets, it is still taking caution very seriously.

The 16 October decision could determine what happens next, not only for Solana but also for the digital asset market as a whole.

The post SEC Delays Solana ETF Decision to October Amid Investor Interest appeared first on Live Bitcoin News.

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Filed under: Bitcoin - @ August 15, 2025 8:20 pm