SEC Delay Spot Solana ETF till October as Staking ETF Dey Boom
Di US Securities and Exchange Commission (SEC) don extend di review wey dem dey do for spot Solana ETF applications from Bitwise, 21Shares, and Canary Capital reach October 16, 2025 — dis na di maximum 60-day delay under Commodity-Based Trust Share rules. Di regulator talk say dem get concerns about market manipulation, surveillance-sharing agreements and whether Solana be security or commodity.
For here, di REX Shares Solana Staking ETF (SSK) don see strong demand since e launch for July 2. For August 14, SSK record $13 million inflows and $66 million trading volume. Dis one push di assets wey dem dey manage pass $150 million. Even though Solana spot price drop 6% to $191 because market dey fall and PPI data pass wetin people expect, wey cause $70 million SOL liquidation, futures open interest dey near record $12 billion.
Analysts dey expect say dis delay no go long again, di approval for spot Solana ETF fit happen by mid-October 2025. E go open road for altcoin ETFs like XRP and Cardano. Traders dey watch SEC final decision well well, cos e go affect how Solana price go move and e go set example for future altcoin products.
Neutral
SEC decision to delay spot Solana ETF don cause short-term wahala wey weigh SOL down and trigger liquidations, which be bearish sign. But strong inflows into Solana staking ETF plus record-high futures open interest dey show say institutional demand dey steady, which na bullish factor. With regulatory clarity wey dem expect around October 2025 and solid staking ETF performance, market dey face mixed signals: volatility still go dey for short term but better prospects for long term. This balance of bearish and bullish reasons mean outlook dey neutral.