SEC’s Date With Destiny Delayed: Will Solana ETF Ever See the Light of Day?

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It appears that our good friends at the U.S. Securities and Exchange Commission (SEC)—those darlings of the financial world—have decided to play a delightful game of postpone-and-ponder with Grayscale’s Solana Trust ETF. Yes, you heard it right! They’ve waved their magic wand and set a new deadline for when we might actually get to hear the sweet sound of approval: October 10, 2025. 🎩

In a move that can only be described as a classic SEC maneuver, they have graciously granted themselves a little extra time to mull over the fund’s proposed listing on the illustrious NYSE Arca. You know, just a casual review amid the swirling maelstrom of rising spot crypto ETF applications and the ever-fascinating tapestry of regulatory changes. It’s practically a party in the compliance office! 🎉

Industry experts—who, bless their hearts, must have an abundant supply of popcorn—gaze upon this delay with the casual indifference of seasoned spectators watching paint dry. “Routine step,” they declare with a wave of the hand, as if to say, “What else is new?” The final decision remains a hotly anticipated event, akin to waiting for the next big reveal in a rather lengthy novel, and it’s safe to say that everyone and their aunt Agatha is sitting on the edge of their seats. Demand for spot crypto ETFs, including our dear friend Solana, continues to bubble up like a pot of neglected soup on the stove of the U.S. financial market. 🍲

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2025-07-29 09:52