SEC Delays Spot Solana ETF Decision to October 2025

• SEC sets October 16, 2025, as deadline for five spot Solana ETF applications.
• Industry experts expect ETF approval, following amended S-1 filing requests.
• Solana ETFs could boost altcoin adoption and diversify crypto investment options.

SEC Delays Spot Solana ETF Decision, Market Awaits Verdict

The US Securities and Exchange Commission (SEC) has an extension for spot Solana ETF applications, moving the final decision date to October 16, 2025. Five major funds are in line for review:

• Bitwise Solana ETF;
• 21Shares Core Solana ETF;
• VanEck Solana Trust;
• Grayscale Solana Trust;
• Canary Solana Trust.

Most applications were accepted for review in February, triggering a formal 240-day window. The SEC said it needs additional time to “thoroughly study the proposed rule change,” prompting the new deadline:

“The Commission believes it is appropriate to establish a longer period for issuing a ruling to approve or disapprove a proposed rule change to allow it sufficient time to consider the proposed rule change and the issues raised by it,” the official documents state.

Despite the delay, the evaluation process is active—issuers were asked to submit amended S-1 forms in July.

Bloomberg Intelligence analyst Eric Balchunas forecast said these funds could be approved as early as the summer, pointing to the launch of , which used alternative mechanisms for listing. His colleague James Seyffarth confirmed expectations for a mid-October approval.

• Why Spot Solana ETFs Matter for Crypto Investors

Spot Solana ETFs would represent a major milestone for the crypto sector, enabling broader investor access to altcoin exposure alongside established spot Bitcoin and Ethereum funds.

Approval could drive further institutional adoption, incentivize product innovation, and maintain Solanas momentum as a leading blockchain for DeFi and Web3 projects.

As competition intensifies in the ETF race, asset managers and investors alike are closely tracking the SECs process for clues about future industry dynamics.