SEC Delays Decision on Solana ETFs Again — But Institutional Interest Keeps Growing

The U.S. Securities and Exchange Commission (SEC) has once again postponed its decision on applications from 21Shares and Bitwise for spot ETFs backed by the Solana cryptocurrency (SOL). This latest delay comes as the Commission moves into a formal review phase to evaluate whether the proposed rule changes align with investor protection and public interest, as required under Section 6(b)(5) of the Exchange Act.

Solana in Limbo, While Institutions Show Rising Interest While the SEC carefully reviews legal frameworks, market demand for a Solana ETF continues to climb. 21Shares, already known for its Bitcoin and Ethereum spot ETFs, and Bitwise, which submitted its application via the BZX exchange in January 2025, are among the first to push for a regulated fund tied to Solana. Grayscale’s Solana ETF proposal was also delayed, signaling a broader slowdown in the approval process for crypto-based ETFs, according to analysts.

Big Players Join the Race for Solana Exposure Interest isn’t limited to just 21Shares and Bitwise. Asset management giants like VanEck and Franklin Templeton have also submitted applications for Solana ETFs — a clear sign of strong institutional demand for regulated exposure to SOL. 🔹 Bloomberg ETF analysts James Seyffart and Eric Balchunas remain optimistic, estimating a 70% chance that a Solana ETF will be approved in 2025. And it’s not just Solana. Other altcoin-focused ETFs are in the pipeline too, with estimated approval probabilities of:

🔹 Litecoin (90%)

🔹 XRP (85%)

🔹 Dogecoin (80%)

🔹 Cardano (75%) Still, many of these applications may not be approved until late 2025, as the regulatory process remains slow and unpredictable.

CME Plans Solana Futures as SOL Price Stagnates Meanwhile, CME Group has announced plans to launch futures contracts tied to Solana stock exposure. These regulated derivatives could offer investors a way to hedge or speculate on SOL’s price while they wait for ETFs to be approved. While futures aren’t ETFs, they provide institutional access to Solana price action without directly holding the token, which is especially useful in today’s uncertain regulatory environment for spot crypto markets. The SOL/USD price saw a slight uptick following the SEC’s announcement but is still down around 1.2% over the past 7 days, trading at approximately $166 at the time of writing. Analysts believe that Solana has not been heavily overbought, leaving room for a potential mid-term recovery.

Summary: Regulation Crawls, But Solana Momentum Builds While the SEC cautiously navigates the approval process, market enthusiasm, growing institutional interest, and the emergence of alternative instruments like futures show that demand for Solana is only intensifying. As 2025 progresses, we may see SOL finally enter investment portfolios through fully regulated ETF products.

#solana , #etf , #CryptoNewss , #DigitalAssets , #Regulation Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies! Notice: ,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“