Yeliz Akmaca 
The U.S. Securities and Exchange Commission (SEC) has postponed its decisions on Bitwise and 21Shares’ spot Solana (SOL) ETF applications, extending its review until October 16, 2025. Additionally, the SEC delayed 21Shares’ spot Dogecoin (DOGE) ETF decision to January 9, 2026, and VanEck’s spot Solana ETF application. Moreover, the SEC accepted amendments to the Grayscale Spot Solana ETF filing.
These delays highlight the SEC’s cautious stance on crypto-based ETFs and its prioritization of investor protection. The regulator is thoroughly reviewing applications to ensure compliance with regulatory standards. Investors should remain aware of the uncertainty surrounding the approval process. Past delays in spot Ethereum ETFs also reflect a similar careful approach. Ultimately, the approval process for Solana ETFs remains a key development for investors.
Other Postponed ETFs
The SEC also postponed Grayscale’s Solana and Litecoin ETF applications to October 10, 2025, Franklin Templeton’s Solana ETF application to October 7, 2025, Fidelity’s Ethereum Staking ETF application to October 10, 2025, and Invesco Galaxy’s Ethereum Staking ETF application to September 25, 2025.
Solana ETF Approval Process and Market Outlook
The SEC’s postponement decisions indicate that the approval process for Solana ETFs may be extended. This development is closely monitored by investors and market analysts, as the delays add to regulatory uncertainties in the crypto market. Investors should closely track the progress of pending ETFs and adjust their strategies accordingly to better manage potential risks. Ultimately, the SEC’s decisions will impact not only Solana ETFs but also the broader future of crypto-based financial products.
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