The U.S. Securities and Exchange Commission has extended its review of multiple applications for spot Solana exchange-traded funds, delaying a decision until mid-October. The regulator issued separate notices covering proposals from Bitwise Asset Management and 21Shares, as well as filings attributed to VanEck and Canary Marinade, pushing the next deadline to 16 October 2025. The delay keeps would-be issuers in limbo as they seek to list the first U.S. ETFs that would hold Solana’s native token directly rather than futures contracts. Under federal securities rules, the SEC can postpone determinations several times before giving a final approval or rejection.