The regulator announced on Aug. 14 that it requires more time to evaluate the proposed rule changes, extending the review period by the maximum allowable 60 days.
In the filings, the SEC stated that a longer review window is necessary to fully assess the applications and the issues they raise.
“We’re expecting standard spot Solana ETFs to be approved by mid October at latest.”
Seyffart’s position is consistent with other market analysts who believe these financial products’ chances of approval are high due to the pro-crypto approach of the current administration and the Commission.
These inflows have pushed the fund’s assets under management beyond $150 million in just six weeks. The surge highlights growing demand for Solana-based investment products, even as the broader crypto market faces volatility.
Despite the enthusiasm for SSK and other Solana-focused funds, Solana’s spot price dropped about 6% in the past 24 hours, trading at $191 at press time.
