Categories: Crypto

SEC delays decision on Solana ETFs from Bitwise and 21Shares as SOL stalls near $190

Key Takeaways

SEC extends review of Bitwise and 21Shares Solana ETF filings to October 16, 2025.
SOL pulled back from near $210 to $190 after US inflation data rattled risk assets.

The US Securities and Exchange Commission has extended its review period for two proposed Solana ETFs from Bitwise and 21Shares, setting a new deadline of October 16, 2025, for a decision.

Both proposals seek to list and trade shares on the Cboe BZX Exchange under its Commodity-Based Trust Shares rule.

The delay comes as Solana’s price hovers around $190 after retreating from nearly $210 earlier in the week. In the past 24 hours, $70 million in SOL liquidations were recorded, according to Coinglass data.

The pullback followed hotter-than-expected US inflation data that sent risk assets lower. The July Producer Price Index rose 0.9% versus expectations for 0.2%, with the annual figure climbing to 3.3% against forecasts for 2.5%.

Solana was last trading at $189 at press time, according to CoinGecko data.