- SEC Delay: The SEC has postponed selections on spot Solana ETFs from 21Shares and Bitwise, citing considerations over investor safety and market manipulation.
- Wider Slowdown: Grayscale’s Solana ETF was additionally delayed, with regulatory timelines now extending into late 2025 regardless of analysts estimating a 90% approval likelihood.
- Institutional Alternate options: Whereas spot ETFs stall, CME’s Solana futures present a regulated choice for institutional SOL publicity.
The U.S. Securities and Trade Fee (SEC) has as soon as once more pushed again its determination on spot Solana ETFs, including extra uncertainty to the crypto funding panorama. This newest delay impacts proposals from each 21Shares and Bitwise, each of which are actually underneath prolonged evaluation because the SEC launches formal proceedings for additional analysis.
Ongoing Delays and Potential Rejection
Bitwise first filed its Solana ETF proposal in January, going through an preliminary delay in March. 21Shares, already lively with Bitcoin and Ethereum ETFs, has but to achieve regulatory approval for its Solana product, regardless of being one of many earliest candidates. The SEC’s newest transfer suggests it’s weighing potential rejection, citing considerations about investor safety and market manipulation.
Broader Slowdown in Crypto ETF Approvals
Grayscale’s Solana ETF bid was additionally postponed earlier this month, highlighting a broader slowdown in crypto fund approvals. Regardless of Bloomberg analysts estimating a 90% likelihood of approval for Solana ETFs, regulatory timelines now stretch into late 2025, dampening short-term optimism.
Institutional Alternate options: Solana Futures
Whereas spot ETFs linger in regulatory limbo, the CME has launched Solana futures, providing establishments a regulated solution to acquire SOL publicity. In the meantime, Solana is buying and selling slightly below $165, with market sentiment blended as ETF uncertainty persists. Analysts stay divided on whether or not ETF approval is imminent or if the regulatory friction will proceed to stall progress.