SEC Extends Review for Bitwise Fund, Crypto ETFs Stalled
SEC delays Bitwise Solana ETF decision, extending review period.
XRP, SOL, ADA ETF approvals postponed until late 2025.
Regulatory scrutiny focuses on investor protection and market risks.
The SEC has postponed deciding on Bitwise spot Solana (SOL) exchange-traded fund (ETF). The regulatory body has decided to extend the review process of the proposed ETF that will be listed on Nasdaq until the analysis is done. According to a filing released on May 29, 2025, the process of making a decision has been moved to a later date.
The Securities and Exchange Commission (SEC) said that it needs further time to investigate whether or not the exchange-traded fund (ETF) adheres to the regulations that are established by securities laws. The regulatory body is now examining whether or not the structure of the fund complies with the rules for safeguarding investors and preserving the integrity of the market. As stated in the petition, the delay provides Nasdaq with the opportunity to conduct a comprehensive evaluation of the proposed rule change to list the Bitwise Solana ETF.
As the SEC reviews cryptocurrency-based financial products, Bitwise has had to delay its filing again. Investors and stakeholders are still waiting for official word from the agency on a final approval date.
Delayed launches are happening for XRP, SOL and ADA ETFs too.
The SEC’s careful method applies to other ETFs as well. Contracts for spot ETFs connected to XRP, Solana (SOL) and Cardano (ADA) from 21Shares, VanEck and Canary Capital are placed on hold for now. The agency has delayed making decisions on these proposals which now have deadlines as far away as late 2025, according to recent documents.
The reason why these things continue to take time is due to worries about volatility, limited liquidity and strict regulations in the crypto field. The SEC is considering if these digital assets are suitable for ETFs, looking at their vulnerability to price manipulation and the way they are stored by ETFs. The Nasdaq filing also stresses the need to evaluate how Solana is traded to confirm it is safe for investors.
After the recent amendments, a lot of investors had the misconception that the regulations would make it possible to get approvals more quickly. However, the systematic procedure that the SEC has been following seems to be tailored to handle the dangers that are associated with crypto-based financial products. In order to get clarification on these matters, the agency is requesting further information from issuers, which is causing the review to be delayed even further.
If approved, the Bitwise Solana ETF will let investors get access to SOL without having to hold it personally. Just like with Bitcoin ETFs, XRP and ADA ETFs are designed to make investing in these cryptocurrencies safe and regulated. The delays have annoyed market participants aiming for digital assets to become mainstream.
The post SEC Extends Review for Bitwise Fund, Crypto ETFs Stalled appeared first on Live Bitcoin News.
Filed under: Bitcoin - @ May 30, 2025 2:27 am