SEC Postpones Grayscale Solana ETF Decision to October

The anticipated delay in the Grayscale Solana ETF decision has been confirmed, as the SEC now aims for a final verdict by October 2025. This timeline aligns with the agency’s typical 240-day timeframe after receiving initial filing acknowledgment for such applications. The SEC typically utilizes this period to thoroughly review the proposed ETF’s compliance with federal securities laws, scrutinize its structural details, and assess any potential market-wide implications.