Bitwise Solana ETF Hits SEC Speed Bump: Decision Pushed to May
Published Date: 3/17/2025
Notice
Summary
The SEC is taking more time to review a plan from the Cboe BZX Exchange to list and trade shares of the Bitwise Solana ETF, a new commodity-based fund. This means investors and traders interested in this ETF will have to wait until May 19, 2025, for a final decision. The extra review time helps ensure everything is in order before the ETF hits the market.
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Analyzed Economic Effects
1 provisions identified: 0 benefits, 1 costs, 0 mixed.
Decision on Solana ETF Delayed
The SEC extended its review of Cboe BZX’s proposal to list and trade the Bitwise Solana ETF, moving the decision deadline from April 4, 2025 (the 45th day) to May 19, 2025. If you are an investor or trader interested in this ETF, you must wait until May 19, 2025 for the Commission to approve, disapprove, or begin proceedings to disapprove the listing.
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