SEC Delays Decision on Solana Spot ETF Applications

3 mins mins

Key Points:

SEC postpones decision on Solana ETF; public comments invited.
Delay impacts sentiment but not approval direction.
Market reaction remains cautious amid regulatory review.

The U.S. Securities and Exchange Commission (SEC) announced a delay in deciding on Solana spot ETF applications from 21Shares and Bitwise, seeking additional time for legal review. This postponement signifies ongoing regulatory scrutiny and invites public input without final decisions affecting immediate market behavior.

SEC Examines Solana ETF Amidst Regulatory Caution

The SEC’s decision to defer the ruling on the Solana spot ETF applications from 21Shares, Bitwise, VanEck, and Canary Capital highlights the ongoing examination of legal and policy issues. This delay emphasizes the cautious approach regulatory bodies are adopting towards cryptocurrency-based financial products. The regulator has opened a public comment period, allowing stakeholders to voice their opinions on the proposals. Despite industry expectations for a swifter approval process, “The Commission finds it appropriate to designate a longer period within which to take action on the proposed rule change” – U.S. Securities and Exchange Commission (SEC), Regulator, SEC (Federal Register – May 17, 2025), ensuring due diligence is maintained.

Market Moods and Solana’s ETF Approval Journey

This delay extends the timeline for potential ETF approval, raising questions about how similar products could navigate the approval process. While the SEC’s caution moderates short-term institutional interest in Solana, stakeholders are still optimistic about eventual regulatory green lights. In terms of market reactions, notable figures have yet to publicly comment on this decision. The lack of official statements indicates continued wait-and-see attitudes within the industry and among investors. The crypto market’s response remains muted, with their attention pivoting towards regulatory clarifications expected from the SEC.

The SEC’s cautious approach mirrors past cryptocurrency ETF processes, with initial reluctance eventually leading to approvals. This precedent might offer insight into future outcomes for Solana ETFs.

Did you know? The SEC’s cautious approach mirrors past cryptocurrency ETF processes, with initial reluctance eventually leading to approvals. This precedent might offer insight into future outcomes for Solana ETFs.

Historical Context, Price Data, and Expert Insights

Did you know? The SEC’s cautious approach mirrors past cryptocurrency ETF processes, with initial reluctance eventually leading to approvals. This precedent might offer insight into future outcomes for Solana ETFs.

Data from CoinMarketCap indicates Solana (SOL) is trading at $167.61 with a market cap of [approximately $87.14 billion](https://www.sec.gov/files/rules/sro/cboebzx/2025/34-103063.pdf), representing 2.62% market dominance. In recent price dynamics, the 24-hour volume stands at $3.98 billion with a 3.44% gain. Historical price movements reveal varied trends, with a notable increase of 20.14% over 30 days despite a minor decrease of 1.16% in the past 90 days.

solana-daily-chart-80 — Solana(SOL), daily chart, screenshot on CoinMarketCap at 07:52 UTC on May 20, 2025. *Source: CoinMarketCap*

Insights from Coincu suggest that future outcomes might hinge on regulatory advancements and Solana network stability. historical trends show possible gains in approval odds. As regulatory dialogues evolve, market players anticipate clearer paths for digital asset-backed ETFs, potentially catalyzing new institutional investor inflows.