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The U.S. Securities and Exchange Commission pushed the review of spot 
Solana ETF proposals from Bitwise, 21Shares, and VanEck to mid-October, with the Commission justifying the decision on the basis of giving itself more time to assess investor protections.
What’s the Scoop?
- Extended Deadline: On Thursday, the SEC delayed its decision date for the Bitwise and 21Shares SOL ETFs to October 16, 2025. This is the final extension, making the deadline a drop-dead date for approval of all spot SOL ETFs.
- Public Comment Window: The SEC has opened a public consultation period to gather feedback on investor protection and broader policy considerations.
- Institutional Interest Remains: Analysts cite "real demand" for a Solana ETF, and many remain confident on October approval despite the delay.
Bankless Take:
Crypto spot ETF approval has never been a straightforward process. While a higher concentration insider SOL holdings compared to the distributions of BTC and ETH could stand as a hurdle to approval, it remains unclear why the SEC may consider denying pending applications.
SEC yesterday on Solana ETFs https://t.co/AAuDAMuMrz pic.twitter.com/jDUlsh56L7
— James Seyffart (@JSeyff) August 15, 2025
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