# 2025-15728: SEC Stalls VanEck's Solana Trust—Crypto Traders Hold Breath

2025-15728, Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Designation of a Longer Period for Commission Action on Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change To List and Trade Shares of VanEck Solana Trust Under BZX Rule 14.11(e)(4), Commodity-Based Trust Shares, is a Federal Register notice from Securities and Exchange Commission published 2025-08-19, effective 2025-10-16 (as of 2026-06-08).

- Canonical: https://policyrisk.com/federal-register/2025-15728
- As of: 2026-06-08
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Document number: 2025-15728
- Title: Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Designation of a Longer Period for Commission Action on Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change To List and Trade Shares of VanEck Solana Trust Under BZX Rule 14.11(e)(4), Commodity-Based Trust Shares
- Type: Notice
- Agencies: Securities and Exchange Commission
- Citation: 90 FR 40428
- Published: 2025-08-19
- Effective: 2025-10-16
- Comments close: not stated
- Significant: no
- Touches household money: no
- Regulation identifier numbers: none
- Last updated: 2026-06-08

## In one line

SEC Stalls VanEck's Solana Trust—Crypto Traders Hold Breath

## Summary

The SEC is taking more time to decide if the VanEck Solana Trust shares can be listed and traded on the Cboe BZX Exchange. This affects investors and traders interested in these new commodity-based trust shares. The decision delay means folks should stay tuned as the SEC carefully reviews the proposal, with no immediate money changes yet.

## Effects PRIA read

- SEC Delays Solana Trust Decision: mixed, low. If you invest or trade, the SEC has extended its deadline to decide whether VanEck Solana Trust shares can be listed on the Cboe BZX Exchange. The SEC moved the decision date from August 17, 2025 to October 16, 2025 (a 60‑day extension); there are no immediate changes to your money while the agency…

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## Sources
- [2025-15728 on federalregister.gov](https://www.federalregister.gov/documents/2025/08/19/2025-15728/self-regulatory-organizations-cboe-bzx-exchange-inc-notice-of-designation-of-a-longer-period-for)
- [2025-15728 as published (PDF)](https://www.govinfo.gov/content/pkg/FR-2025-08-19/pdf/2025-15728.pdf)

## Related
- [Previous: 2025-15727, Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing and Im…](https://policyrisk.com/federal-register/2025-15727)
- [Next: 2025-15729, Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Designation o…](https://policyrisk.com/federal-register/2025-15729)
- [All Federal Register documents](https://policyrisk.com/federal-register)

Source: PRIA, https://policyrisk.com/federal-register/2025-15728 (as of 2026-06-08).