# SEC Keeps Pushing Solana ETF Decisions

*Author: Bankless*
*Published: Aug 15, 2025*
*Source: https://www.bankless.com/read/sec-keeps-pushing-solana-etf-decisions*

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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](https://x.com/NateGeraci/status/1954249981897973864) "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](https://t.co/AAuDAMuMrz) [pic.twitter.com/jDUlsh56L7](https://t.co/jDUlsh56L7)— James Seyffart (@JSeyff) [August 15, 2025](https://twitter.com/JSeyff/status/1956352701513515455?ref_src=twsrc%5Etfw)