• TEXT= DATE: 08.12.2025 Bitcoin MENA | 8-9 Dec 2025 | Abu Dhabi
  • TIMER= 08.12.2025
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  • bitcoinBitcoin (BTC) $ 42,977.00 0.18%
  • ethereumEthereum (ETH) $ 2,365.53 1.12%
  • tetherTether (USDT) $ 1.00 0.2%
  • bnbBNB (BNB) $ 302.66 0.19%
  • solanaSolana (SOL) $ 95.44 1.28%
  • xrpXRP (XRP) $ 0.501444 0.1%
  • usd-coinUSDC (USDC) $ 0.996294 0.34%
  • staked-etherLido Staked Ether (STETH) $ 2,367.26 1.4%
  • cardanoCardano (ADA) $ 0.481226 2.68%
  • avalanche-2Avalanche (AVAX) $ 34.37 1.19%
  • bitcoinBitcoin (BTC) $ 42,977.00 0.18%
    ethereumEthereum (ETH) $ 2,365.53 1.12%
    tetherTether (USDT) $ 1.00 0.2%
    bnbBNB (BNB) $ 302.66 0.19%
    solanaSolana (SOL) $ 95.44 1.28%
    xrpXRP (XRP) $ 0.501444 0.1%
    usd-coinUSDC (USDC) $ 0.996294 0.34%
    staked-etherLido Staked Ether (STETH) $ 2,367.26 1.4%
    cardanoCardano (ADA) $ 0.481226 2.68%
    avalanche-2Avalanche (AVAX) $ 34.37 1.19%
image-alt-1BTC Dominance: 58.93%
image-alt-2 ETH Dominance: 12.89%
image-alt-3 BTC/ETH Ratio: 26.62%
image-alt-4 Total Market Cap 24h: $2.51T
image-alt-5Volume 24h: $144.96B
image-alt-6 ETH Gas Price: 5.1 Gwei
 

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Grayscale’s Solana ETF

Grayscale’s Solana ETF decision delayed again as new competitor enters the race

https://icn.live/wp-content/uploads/2025/07/Grayscales-Solana-ETF.mp3
  • by ICN.live
Fatima Al-Nouri

Grayscale’s Solana ETF is facing another regulatory delay as the SEC extends its review deadline.

Originally filed in January 2025, the Grayscale Solana Trust is still under scrutiny by the US Securities and Exchange Commission. The SEC announced an additional 60-day extension for its review, pushing the final decision to October 10, 2025. This adds more time for regulators to assess the rule changes required for listing the ETF on NYSE Arca.

The SEC cited complex regulatory considerations as the main reason for the delay. Despite this, Grayscale remains committed to its Solana strategy, positioning the fund as a bridge between traditional finance and the Solana blockchain.

A new player in the Solana ETF race

Grayscale’s Solana ETF may soon face stiff competition. Invesco and Galaxy Digital have submitted their own proposal for a Solana-based exchange-traded fund. Their application, filed just this week, aims to list the product on Cboe BZX under Rule 14.11(e)(4). This is the same rule used by other crypto-based ETFs already in motion.

While Grayscale awaits the SEC’s decision, Invesco Galaxy’s entry heats up the Solana ETF landscape. Their joint application introduces a new narrative to the crypto ETF space—one driven by institutional diversification and Solana’s rising popularity.

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Grayscale’s Solana ETF delay adds market tension

This dual movement in the ETF space has created waves in the broader crypto community. Investors are now eyeing both Grayscale’s Solana ETF and the new Invesco Galaxy fund as key developments. The delay of one proposal gives room for the other to gather momentum, possibly reshaping future SEC decisions.

Highlighting the growing interest in Solana, both applications indicate confidence in the blockchain’s role in crypto finance. With its low transaction fees and fast settlement times, Solana is increasingly becoming a top choice for DeFi and NFT projects.

Solana ETFs: A gateway to institutional adoption?

Grayscale’s Solana ETF, along with the Invesco Galaxy proposal, signals growing institutional appetite for Solana exposure. The success or failure of these funds could shape how crypto-based ETFs are structured and regulated in the future.

This battle between ETF giants puts Solana at the forefront of the next wave of digital asset investment products. All eyes will now be on the SEC’s next moves and how the market reacts in anticipation.

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What is Grayscale’s Solana ETF?

Grayscale’s Solana ETF is a proposed exchange-traded fund aimed at offering institutional and retail investors exposure to Solana (SOL) through traditional financial markets. It’s designed to be listed on NYSE Arca and operate similarly to other crypto-based ETFs. This type of fund tracks the performance of Solana, enabling investors to gain access without directly holding the cryptocurrency. The SEC is still reviewing the application to determine if it meets regulatory standards, with a final decision expected by October 10, 2025.

Why did the SEC delay Grayscale’s Solana ETF approval?

The SEC delayed Grayscale’s Solana ETF to give itself more time to evaluate the fund’s regulatory compliance. The agency stated that the issues involved are complex, requiring a longer window for consideration. These include concerns about market manipulation, investor protection, and adequate custody solutions. The additional 60-day extension moves the deadline to October 10, 2025, reflecting the growing challenges regulators face in approving crypto-based financial products.

Who are Invesco and Galaxy Digital, and what is their Solana ETF proposal?

Invesco and Galaxy Digital are financial firms that have teamed up to offer a competing Solana ETF. Their joint proposal seeks to list a Solana exchange-traded fund on Cboe BZX using Rule 14.11(e)(4), a rule commonly used for digital asset-based funds. This new ETF would offer investors exposure to Solana in a regulated format, potentially competing directly with Grayscale’s fund. The SEC has not yet announced a review period for their proposal, making this an important development to watch.

How could these ETF proposals impact Solana?

Both ETF proposals could significantly impact Solana by increasing demand and legitimizing the asset in institutional circles. Approval of any Solana ETF would likely attract large-scale investment, boosting liquidity and potentially driving up the token’s price. It could also solidify Solana’s role as a key player in the blockchain ecosystem. If the SEC greenlights either proposal, it might set a precedent for other altcoin ETFs, shaping the future of crypto investment in traditional markets.

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