SEC Delays Solana ETF Decision to October 2025

The U.S. Securities and Exchange Commission (SEC) has postponed its decision on the Bitwise and 21Shares Solana ETFs, now slated for an October 16th announcement. This delay impacts both Solana’s market and broader crypto ETF listings, triggering a $20 price drop and $70 million in liquidations. The SEC’s move reflects ongoing regulatory caution regarding cryptocurrency ETFs. While the decision hinges on additional market and regulatory scrutiny, it indicates a cautious approach towards digital asset products.