SEC Delays Decision on Solana ETFs Until October

The U.S. Securities and Exchange Commission (SEC) has pushed back its decision on two Solana exchange-traded fund (ETFs) – the Bitwise Solana ETF and 21Shares Core Solana ETF – to October 16th. The SEC cited a need for thorough review of proposed rule changes and resolution of potential issues as justification for this extension. This delay follows similar postponements for other Solana ETF applications, including those submitted by Grayscale and Fidelity.