SEC Delays Solana ETF Decision, Impacts Market Price and Sentiment

The U.S. Securities and Exchange Commission (SEC) has delayed its decision on Solana ETFs from Bitwise and 21Shares to October 16, 2025. This postponement, driven by further regulatory review needs, is already having significant effects on the market. Solana’s price dipped significantly after the news, falling from $210 to around $190, leading to a liquidation of approximately $70 million in long positions within a day. This delay could signal a longer period of uncertainty for Solana and the broader cryptocurrency market.