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Cryptos, Markets

SEC Delays Decision on Solana and Other Crypto-Based ETF Proposals

May 20, 2025 OnEquity

The U.S. Securities and Exchange Commission (SEC) has extended the deadline for deciding on several proposed exchange-traded funds (ETFs) tied to Solana and other cryptocurrencies, according to regulatory filings released Monday. The proposals under review come from 21Shares, Bitwise, VanEck, and Canary Capital.

Additional Review Time Cited by the SEC

In its statement, the SEC said it requires additional time to assess the legal and public policy implications of the filings. The agency emphasized that the extension does not indicate any predisposition toward approval or rejection. “The institution of proceedings does not indicate that the Commission has reached any conclusion on the issues involved,” the SEC noted, while inviting public comments on the proposed rule changes.

Expanding Scope: From Solana to Memecoins and NFTs

This latest delay comes as the Commission weighs multiple ETF applications tied to various digital assets. These include well-established tokens like Solana, as well as memecoins such as Dogecoin, Bonk, and Official Trump, and even NFTs like Pudgy Penguins.

Crypto Optimism Under the Trump Administration

Since President Donald Trump’s re-election last November, there has been a surge in ETF applications from asset managers seeking to capitalize on the new administration’s crypto-friendly stance. The White House has signaled plans to appoint pro-crypto regulators and pursue ETF reform, fueling optimism for a more efficient approval process.

Industry Voices Urge Realistic Expectations

Still, analysts urge caution. Juan Leon, CFA at Bitwise Asset Management, told Decrypt that expectations may be outpacing regulatory reality. “Many assumed the Commission would greenlight everything immediately after submission, but that’s not how the process works,” he said.

“These are government agencies—bureaucracy takes time,” Leon added. Nonetheless, he believes the market is approaching a pivotal moment. “I think we’re at an inflection point, and over the next year or two, we’ll likely see a wave of new crypto products hit the market.”

  • ETF
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Currencies, Markets

Solana ETFs Could See Approval in 3–5 Weeks as SEC Signals Openness to Staking

June 11, 2025 OnEquity

The U.S. Securities and Exchange Commission (SEC) has requested that Solana ETF issuers submit amended S-1 filings within the next week, signaling progress in the review process, Blockworks reported Tuesday, citing three sources familiar with the matter. One source indicated that the requested revisions could accelerate approval timelines, with the first Solana ETF potentially gaining […]

Beginner, Education

Unraveling ETFs: A Complete Guide for Investors

May 22, 2025 OnEquity

Entering the world of stock market investing involves familiarizing yourself with a wealth of terminology and understanding the nature of the various financial instruments available. Among these, ETFs (Exchange-Traded Funds) have gained significant prominence, sparking growing interest among investors of all levels. The recurring question, “What is an ETF?” underscores the need for a clear […]

Cryptos, Markets

SEC Delays Solana, Litecoin ETFs; Reviews Dogecoin and BlackRock Proposals

May 14, 2025 OnEquity

The U.S. Securities and Exchange Commission (SEC) has delayed its decisions on Grayscale’s proposed Solana and Litecoin exchange-traded funds (ETFs), while opening public comment periods for two high-profile applications: BlackRock’s Bitcoin ETF redemption model and 21Shares’ Dogecoin ETF. Grayscale Solana and Litecoin ETFs Face Delays The SEC extended its review of the Grayscale Solana Trust, […]

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