SEC Delays Solana ETF Decision to October Despite Growing Market Optimism

U.S. Solana exchange-traded funds (ETFs) have faced another delay in their path to mainstream approval. The U.S. Securities and Exchange Commission (SEC) has extended the review period for Solana ETF proposals, pushing the decision deadline to October 16.

Key Highlights

• The SEC postpones Solana ETF reviews for major issuers, setting a new deadline of October 16.
• Market analysts remain optimistic about eventual approval, citing positive sentiment.
• Solana (SOL) currently trades at $195, outperforming Ethereum in 24-hour perpetuals trading volume.
• SOL price remains above the 200-day simple moving average (SMA), with bullish forecasts targeting $250.

SEC Exhausts Extensions on Solana ETF Decisions

Despite optimism around the approval of a Solana ETF, official authorization may still take time. On Thursday, the SEC announced it would delay reviews for Solana ETF filings from Bitwise, 21Shares, and Canary Capital. Additionally, Bloomberg ETF analyst James Seyffart revealed that Marinade Finance’s SOL ETF application review has also been postponed.

"The Commission finds that it is appropriate to designate a longer period within which to issue an order approving or disapproving the proposed rule change so that it has sufficient time to consider the proposed rule change, and the issues raised therein."

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— U.S. Securities and Exchange Commission

This recent delay marks the exhaustion of the SEC’s allowable extensions for these proposals, meaning a final decision must be rendered by October 16. The SEC has previously delayed other crypto ETF filings, including those from Grayscale, CoinShares, and Fidelity.

SEC Advances Crypto ETF Wave Despite Solana Delays

Under the pro-crypto administration of former President Donald Trump, the SEC has seen an influx of crypto ETF applications, including those tracking memecoins. While Bitcoin and Ethereum ETFs have received approval, Solana ETFs remain pending. In July, the SEC requested issuers to revise their Solana ETF filings to meet regulatory requirements. Recently, the SEC also approved in-kind creations and redemptions for crypto ETFs, a key advancement facilitating ETF operations. Crypto ETFs currently dominate the U.S. ETF launch market, accounting for half of all new funds.

Experts Predict Imminent Crypto ETF Approvals

Despite review delays, industry experts expect regulatory breakthroughs soon. Nate Geraci, President of The ETF Store, stated in a CNBC interview that favorable regulatory decisions and capital flows into Bitcoin and Ethereum have boosted altcoin momentum, paving the way for new crypto ETF launches. James Seyffart echoed this sentiment, predicting Solana ETFs will likely receive approval by the October deadline.

Solana Rides Bullish Momentum Amid Strong Trading Activity

SOL is trading around $195 after a strong performance last week. Investor confidence remains high, as indicated by a Fear and Greed Index score of 60. Additional market insights include:
• Trading Volume: SOL has surpassed Ethereum in 24-hour perpetuals trading volume, signaling increased trader interest.
• Market Sentiment: Analysts maintain a positive outlook on SOL’s price trajectory.
• Technical Indicators: SOL price remains above the 200-day SMA, a key long-term bullish signal.
• Price Movement: SOL has recorded gains in 17 of the last 30 days, demonstrating steady upward momentum.
Solana has also strengthened its position in the decentralized exchange sector following a recent surge. Reflecting this bullish trend, some analysts have revised their price targets for SOL to $250.

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Frequently Asked Questions (FAQ)

SEC and ETF Approvals

Q: Why has the SEC delayed the Solana ETF decision? A: The SEC has extended the review period to allow more time to consider the proposed rule changes and related issues, a common practice for such filings. Q: When is the final decision deadline for Solana ETFs? A: The SEC must render a final decision by October 16th. Q: Have other crypto ETFs faced similar delays? A: Yes, the SEC has previously delayed filings for other crypto ETFs, including those from Grayscale, CoinShares, and Fidelity. Q: What is the current market sentiment regarding Solana ETFs? A: Market analysts remain optimistic about the eventual approval of Solana ETFs, citing positive market sentiment.

Solana (SOL) Market Performance

Q: How is Solana (SOL) performing currently? A: Solana is trading around $195 and has shown strong performance recently, outperforming Ethereum in 24-hour perpetuals trading volume. Q: What do technical indicators suggest about SOL's price? A: SOL's price remains above the 200-day simple moving average (SMA), which is considered a bullish long-term signal. Q: What are the bullish price targets for SOL? A: Some analysts have revised their price targets for SOL upwards, with some forecasting a potential rise to $250.

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Crypto Market AI's Take

The SEC's decision to delay the Solana ETF approval underscores the careful and extended review process the regulatory body applies to new digital asset financial products. This delay, while potentially frustrating for some investors, is not uncommon, especially given the evolving nature of the cryptocurrency market. Our platform utilizes advanced AI and machine learning models to navigate such market dynamics. These tools provide real-time analysis and predictive insights, helping traders make informed decisions even amidst regulatory uncertainty. We are continuously refining our AI agents to better interpret market sentiment and regulatory news, ensuring our users have access to the most up-to-date intelligence.

More to Read:

• SEC Delays Crypto ETF Decisions Amidst Market Optimism
• Solana Price Prediction: Will SOL Reach $250 Soon?
• Understanding Cryptocurrency ETFs

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Source: Originally published at Cointribune on Fri, 15 Aug 2025.