Solana ETF faces a greater delay as the SEC demands the updates of the confidence structure before the October decision
The long -awaited Background Solana Spot Exchange (ETF) has reached another delay, since the United States Stock Exchange and Securities Commission (SEC) has formally requested additional details of applicants on reference mechanisms, subscription processes, refunds and trust structures. Although the official deadline of the SEC for a decision remains on October 10, 2025, applicants have been asked to submit reviews reviewed before the end of July, indicating a cautious progress for the cryptographic investment vehicle.
SEC requests details of removing and reimbursement of applicants
According to multiple sources familiar with the matter, the last correspondence of the SC with the ETF applicants specifically highlighted the need for detailed procedures with respect to how the ETFs will manage the cryptographic commitment, where and how the assets will be guarded, and how the funds will process the subscriptions of the investors and the reimbursements under the current regulatory frameworks.
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The agency’s application comes during a crucial period for the cryptographic industry as the institutional demand for regulated cryptographic investment products grows, even as regulatory clarity is still difficult to achieve.
“The SEC is walking along a very fine line here. They want to guarantee the protection of investors while recognizing that the demand for these products is only increasing,” said encryption analyst Amelia Richards in an interview with ABC News.
Main financial firms that lead the thrust of Solana ETF
On June 13, a list of leading asset administrators, including Fidelity, Grayscale, Franklin Templeton, Bitwise, Vaneck, Canary Capital and 21SharesApplications submitted or modified for ETF of Solana, each adding rethinking characteristics within its proposals.
Bet, a key part of the Solana test blockchain test, allows holders to obtain rewards while helping to secure the network. The funds such as Bitwise and Canary indicated plans to bet their sun holdings through Coinbase custody, with rethinking rethinks (paid in Sol or Stablecoins) reinvested in the background or distributed to shareholders.
By incorporating the rethinking, these ETFs could offer investors an additional performance beyond simple exposure to the price of sun, creating a unique offer in the competitive panorama of Crypto ETF.
Why the timeline is important for investors
Even when these reviewed presentations progress in the signal, analysts remain cautious with immediate approval. Bloomberg ETF analyst James Seyffart said that although sec requests indicate the commitment, the lack of a clear regulatory framework for digital assets ETF remains a barrier.
“This is less about rejection and more about the absence of a defined path,” Seyffart said. “Until the SEC establishes a concrete rules book for ETF of digital assets, delays like these are inevitable.”
Despite the delays, some see the disposition of the SEC to request reviews as a positive indicator that the agency is considering approval, although under strict conditions.
Market impact: price sauce and volume peak
After the news of the additional applications of the SEC, Solana’s price fell 2.3% within a single negotiation session, liquidating around $ 148.37. However, the negotiation volume increased by 19% to $ 3.74 billion, reflecting the continuous interest of investors and speculation around the eventual approval of a Solana ETF.
Market observers pointed out that price fluctuations linked to regulatory updates are typical in the cryptographic sector, where the feeling of investors often depends on the regulatory environment and the advance launches of products.
First Sol Staking ETF approved in silence
In a surprising movement, the SEC approved the Rex-Osprey Sol Staking ETF (SSK) on July 2Marking the first ETF Solana approved by the United States with rethinking functionality. This fund offers exposure to the sun’s price while participating in participation to generate an estimated annual performance of 7.3%.
The approval took many offsections, with prolonged regulatory obstacles expectations keeping most cautious analysts. After the launch of the ETF, Solana’s price experienced an increase from 6% to 12%, reaching a peak of around $ 160underlining the strong market appetite due to regulated cryptographic products that offer performance and price exposure.
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“This is a sign that regulators are willing to work with the industry if certain conditions are met, and could pave the path for additional cryptographic ETF,” said the clear digital asset strategist Wu.
What is a rethinking ETF?
Unlike conventional ETFs that simply trace the price of an underlying asset, the Retaneous ETFs allow the funds to participate in blockchain networks and win rewards, which can be reinvested or distributed to investors, improving the fund performance profile.
Rex-OSPREY ETF approval can foster similar offers in other stake test networks, including Ethereum and Cardano, as assets managers explore ways to combine passive income strategies with exposure to cryptography.
Broader implications for Solana and the cryptographic industry
For Solana, the continuous interest in the ETF reference represents a validation of the capacities of its network and its role within the institutional portfolios. If additional ETFs obtain approval, large institutional players can begin to acquire and bet significant amounts of sun, which potentially provides upward pressure on its price and further decentralizes network safety.
The interested parties of the industry suggest that, although delays are frustrating, they are part of a larger process towards conventional cryptographic integration within regulated financial systems.
“SEC’s demands reflect an exhaustive approach instead of obstructionism,” said Blockchain legal expert Julian Carter. “Each review and clarification brings these products to compliance, which benefits both the issues and long -term investors.”
Investors must prepare for continuous volatility
The road to a Solana ETF is far from soft, and they are likely to be more regulatory turns. Investors must be prepared for continuous volatility as developments develop, especially as the deadline of the SEC is approaching.
Meanwhile, the first successes such as the ETF REX-OSPREY STARKING can inspire confidence, but the general approval of Multiple ETF of Solana will depend on the effectiveness in the effective way that asset administrators address the concerns of the SEC regarding the reference, custody and protections of investors.
Final thoughts
While Solana ETF presentations face delays due to sec demandsThe active commitment of regulators indicates progress instead of rejection. The impulse for the ETF enabled for bets is aligned with broader trends in decentralized finances and performance generation, which underlines the evolutionary nature of cryptographic investment products.
Investors interested in the ETFs of Solana must closely monitor updates throughout July as companies present reviewed presentations and prepare for the October decision of the SEC. The result will not only influence the trajectory of the Solana market, but could prepare the stage for the future of the rethinking ETFs in the broader cryptographic landscape.
Writer
@Ellena
Ellena is an experienced cryptographic writer who loves to explore the intersection of blockchain technology and financial markets. She regularly provides information about the latest trends and innovations in the currency space.
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