The buzz over approval of Solana ETFs has remained in the market from the beginning of 2025, yet the final decision is yet to be made by the Securities and Exchange Commission of the United States.
As per the most recent filing of the regulatory commission, it has extended the review period for two Solana exchange-traded funds to October 16 this year.
Filing dated August 14, 2025, notes that this delay will offer sufficient time to consider the proposal for Solana ETF from 21Shares and Bitwise, originally scheduled on August 17.
With the delay of 60 more days, the SEC will get more time for a more careful review.
Odds favoring Solana ETF approval in 2025
A poll on Polymarket prediction market with the question ‘ Solana ETF approval in 2025?’ has a volume of $307,016 and reflects more than 97% chances of approval this year.
Other than this poll, ETF experts argue that the SEC is more likely to approve the Solana ETF in 2025, following the news of the delay. James Seyffart, ETF expert, argues, we are expecting standard spot Solana ETFs to be approved by mid-October at the latest.
A quick overview of Solana prices
Per the data from CoinMarketCap, Solana is now priced at $194.73 with a decline of 4.16% in the past 24 hours, yet in the same frame, it was seen trading highest at $205.75.
A slight correction in Solana prices has been backed by the growing liquidation, which comes following skyrocketing prices, and the delay by the SEC has affected the prices minutely.
At press time, the market capitalization of Solana is $106.2 billion, which has surged more than 12% in the past 7 days and has marked an uptick of 20.44% in the monthly time frame.
Solana is currently dominating 2.66% of the crypto market, which is a growth of 8% in a week and roughly 11.50% in a month.
