Krutika Adani
The U.S. SEC has delayed its decision on the proposed Grayscale Solana ETF, initially filed by NYSE, with a new deadline set for October 2025.
This delay was expected, as the SEC has up to 240 days to make a final ruling from the filing acknowledgment.
The delay follows the SEC’s typical review process for 19b-4 filings, allowing regulators to assess the ETF's compliance with federal securities laws and market implications.
The move underscores the SEC’s cautious stance on approving new crypto-related financial products, especially those linked to volatile assets like Solana.