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
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