- The SEC postpones decision on Solana ETF applications, impacting market sentiment.
- Market reaction with Solana’s price falling by approximately 10%.
- Analysts predict potential future rally to $360 if technical levels hold.
The SEC postponed decisions on five Solana ETF applications to October 16, 2025, causing a 10% drop in Solana prices, with potential for recovery as key levels hold.
The delay signifies regulatory caution, affecting market sentiments and suggesting potential volatility, although analysts remain optimistic about Solana reaching $360 if conditions stabilize.
The U.S. Securities and Exchange Commission (SEC) has postponed its decision on five major spot Solana ETF applications until October 16, 2025. This delay follows previous similar actions by the SEC regarding other cryptocurrency ETFs.
Bitwise, 21Shares, VanEck, Grayscale, and Canary, leading asset management firms, are the applicants for the Solana ETFs. They have previously pioneered crypto ETF products for assets like Bitcoin and Ethereum.
The delay impacted Solana’s price, which fell sharply to $185, representing a nearly 10% decline. Market volatility heightened as a result, although some analysts remain positive, citing technical setups as potential catalysts for recovery.
Financial markets reacted to the SEC’s decision; however, Solana’s Total Value Locked (TVL) Metrics showed no significant changes. Institutional players might introduce future capital inflows once the ETF approval materializes.
The SEC’s history of delaying ETF decisions poses challenges yet offers insights into their approval process. Past delays with Bitcoin and Ethereum ETFs eventually led to approvals, resulting in price rallies for those assets.
Experts and analysts anticipate various regulatory and technological outcomes. Analysts predict that if Solana’s technical levels hold, a rally to $360 is plausible. Jane Smith, Research Director, Grayscale noted, “Historical precedents suggest that such delays often lead to future approval and significant price movements in the underlying assets.” source However, no direct statements have been issued by key industry leaders regarding this forecast.
