The SEC has extended its decision deadline for the pending Solana ETF proposals filed by Bitwise and 21Shares by 60 days, with a new final decision date set for October 16. This marks the commission's last procedural extension, as it cited the need for additional time to consider proposed rule changes. The Solana ETFs, which follow the path of Bitcoin and Ethereum ETFs under the Commodity-Based Trust Share framework, have garnered attention amid ongoing discussions about Solana’s regulatory status as either a security or a commodity. Solana's price action is being closely monitored, particularly as market dynamics shift towards Ethereum and other altcoins.

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