SEC Kicks the Can: Grayscale’s Solana ETF Decision Pushed to October 10

The SEC just bought itself more time—because why make a decision today when you can delay until Q4?

Regulators punt Grayscale's Solana ETF application to October 10, extending the crypto industry's favorite waiting game. The move comes as no surprise to veterans of the 'how many extensions until Christmas?' betting pool.

Solana bulls left grinding teeth as regulators treat ETF approvals like fine wine—best consumed after excessive aging. Meanwhile, Grayscale maintains its poker face while the SEC masterclass in bureaucratic foot-dragging continues.

One hedge fund manager quipped: 'At this rate, we'll get a spot Solana ETF right after Wall Street figures out how to short congressional hearings.'

The U.S. Securities and Exchange Commission (SEC) postponed its decision on Grayscale’s solana Trust ETF, setting a new deadline of October 10, 2025. The delay allows more time to review the fund’s proposed listing on NYSE Arca amid rising spot crypto ETF applications and regulatory changes. Industry experts view it as a routine step. The final decision is highly anticipated as demand for spot crypto ETFs, including Solana, grows in the U.S. financial market.