SEC Delays Decision on Solana ETFs, Extending Review Deadline

The U.S. Securities and Exchange Commission (SEC) has postponed its decision on proposed Solana exchange-traded funds (ETFs) from Bitwise and 21Shares, setting a new deadline of October 16, 2025. The SEC cited the need for more time to thoroughly evaluate both proposals – the Bitwise Solana ETF and the 21Shares Core Solana ETF – which aim to list on the Chicago Board Options Exchange BZX Exchange (Cboe BZX Exchange) under its Commodity-Based Trust Shares rule.