The U.S. Securities and Exchange Commission (SEC) has delayed its decision on Solana ETF proposals submitted by 21Shares and Bitwise, announcing it will begin collecting public feedback on the matter.
In a statement released Monday, the SEC said it has officially initiated the review process for the 21Shares Core Solana ETF and the Bitwise Solana ETF, emphasizing that this does not indicate any approval or denial at this stage.
The Commission also opened public comment periods for the Canary Solana Trust and the VanEck Solana Trust on the same day. With the SEC’s crypto stance softening under the Trump administration and new Chairman Paul Atkins, expectations around Solana ETFs have grown. However, the final outcome remains uncertain as the regulatory process continues.
