SEC Takes Extra Time on Bitwise Solana ETF Approval
Published Date: 8/19/2025
Notice
Summary
The SEC is taking more time to decide if the Bitwise Solana ETF can be listed and traded on the Cboe BZX Exchange. This affects investors interested in this new crypto-based fund and means the final decision is delayed, so no trading starts just yet. The extra review ensures everything’s safe and sound before money changes hands.
Analyzed Economic Effects
1 provisions identified: 0 benefits, 1 costs, 0 mixed.
Decision Delay for Bitwise Solana ETF
The SEC extended the deadline to decide on listing the Bitwise Solana ETF by 60 days, moving the decision date from August 17, 2025 to October 16, 2025. That means trading in the new crypto-based fund cannot begin until the Commission approves the listing or disapproves it after the new date.
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Previous / Next Documents
Previous: 2025-15732 — Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing of Amendment No. 1 and Designation of a Longer Period for Commission Action on Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change, as Modified by Amendment No. 1, To List and Trade Shares of Canary Marinade Solana ETF Under BZX Rule 14.11(e)(4), Commodity-Based Trust Shares
Cboe BZX Exchange wants to list and trade shares of the Canary Marinade Solana ETF, a new commodity-based fund. The SEC is taking extra time to review this change before giving the green light or a no-go. This affects investors interested in Solana-based ETFs and could open new trading opportunities once approved.
Next: 2025-15734 — Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing of Amendment No. 2 to a Proposed Rule Change To List and Trade Shares of the Grayscale Solana Trust Under NYSE Arca Rule 8.201-E (Commodity-Based Trust Shares)
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