2025-14445Notice

SEC Stalls Grayscale’s Solana Crypto Shares Debut

Published Date: 7/31/2025

Notice

Summary

The SEC is taking more time to decide if NYSE Arca can list and trade shares of the Grayscale Solana Trust, a new crypto-based investment. This affects investors interested in Solana and could open up fresh trading options once approved. The decision timeline has been extended, so keep an eye out for updates before any money moves happen.

Analyzed Economic Effects

2 provisions identified: 1 benefits, 1 costs, 0 mixed.

Proposed Listing Could Open Solana Trading

If the proposed rule change is approved, NYSE Arca would be able to list and trade shares of the Grayscale Solana Trust under Rule 8.201-E, potentially creating new trading options for investors interested in Solana.

SEC Decision Deadline Extended

The SEC extended the deadline to decide whether to approve or disapprove the proposed rule change to list the Grayscale Solana Trust. The original 180-day deadline after publication was August 11, 2025, and the Commission added a 60-day extension, setting the new deadline as October 10, 2025.

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Key Dates

Published Date
Effective Date
7/31/2025
10/10/2025

Department and Agencies

Department
Independent Agency
Agency
Securities and Exchange Commission
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