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SEC delays decision on Solana ETFs from Bitwise and 21Shares as SOL stalls near $190

SEC delays decision on Solana ETFs from Bitwise and 21Shares as SOL stalls near $190

The commission pushed its deadline to October 16 for both Solana ETF proposals, with SOL trading lower after a hot US PPI print.

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by Estefano Gomez

The US Securities and Exchange Commission has extended its review period for two proposed Solana ETFs from Bitwise and 21Shares, setting a new deadline of October 16, 2025, for a decision.

Both proposals seek to list and trade shares on the Cboe BZX Exchange under its Commodity-Based Trust Shares rule.

The delay comes as Solana’s price hovers around $190 after retreating from nearly $210 earlier in the week. In the past 24 hours, $70 million in SOL liquidations were recorded, according to Coinglass data.

The pullback followed hotter-than-expected US inflation data that sent risk assets lower. The July Producer Price Index rose 0.9% versus expectations for 0.2%, with the annual figure climbing to 3.3% against forecasts for 2.5%.

Solana was last trading at $189 at press time, according to CoinGecko data.

Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.
REGULATION

SEC delays decision on Solana ETFs from Bitwise and 21Shares as SOL stalls near $190

SEC delays decision on Solana ETFs from Bitwise and 21Shares as SOL stalls near $190

The commission pushed its deadline to October 16 for both Solana ETF proposals, with SOL trading lower after a hot US PPI print.

by Estefano Gomez

Share

Add us on Google

The US Securities and Exchange Commission has extended its review period for two proposed Solana ETFs from Bitwise and 21Shares, setting a new deadline of October 16, 2025, for a decision.

Both proposals seek to list and trade shares on the Cboe BZX Exchange under its Commodity-Based Trust Shares rule.

The delay comes as Solana’s price hovers around $190 after retreating from nearly $210 earlier in the week. In the past 24 hours, $70 million in SOL liquidations were recorded, according to Coinglass data.

The pullback followed hotter-than-expected US inflation data that sent risk assets lower. The July Producer Price Index rose 0.9% versus expectations for 0.2%, with the annual figure climbing to 3.3% against forecasts for 2.5%.

Solana was last trading at $189 at press time, according to CoinGecko data.

Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.