{"id":52715,"date":"2025-05-19T19:14:50","date_gmt":"2025-05-19T19:14:50","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/us-sec-delays-decision-on-21shares-and-bitwise-solana-etfs\/"},"modified":"2025-05-19T19:14:50","modified_gmt":"2025-05-19T19:14:50","slug":"us-sec-delays-decision-on-21shares-and-bitwise-solana-etfs","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/us-sec-delays-decision-on-21shares-and-bitwise-solana-etfs\/","title":{"rendered":"US SEC delays decision on 21Shares and Bitwise Solana ETFs"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/05\/image-14-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/05\/image-14-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/05\/image-14-smartcrop-750x375.webp\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/05\/image-14-smartcrop-363x181.webp\" type=\"image\/jpeg\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>&#13;<\/p>\n<li>The regulator said it was \u201cinstituting proceedings\u201d to consider the 21Shares Core Solana ETF and the Bitwise Solana ETF, according to filings released Monday.<\/li>\n<p>&#13;<\/p>\n<li>The SEC is currently reviewing more than 70 cryptocurrency ETF applications.<\/li>\n<p>&#13;<\/p>\n<li>Crypto investment products attracted <a href=\"https:\/\/coinjournal.net\/news\/crypto-etps-see-785m-in-weekly-inflows-aum-nears-record-high\/\">$785 million in net inflows last week<\/a>, according to CoinShares.<\/li>\n<p>&#13;\n<\/ul>\n<p>The US Securities and Exchange Commission has postponed its decision on two proposed exchange-traded funds tied to Solana, while inviting public comment as part of its review process.<\/p>\n<p>The regulator said it was \u201cinstituting proceedings\u201d to consider the 21Shares Core Solana ETF and the Bitwise Solana ETF, according to filings released Monday.<\/p>\n<p>\u201cInstitution of proceedings does not indicate that the Commission has reached any conclusions,\u201d the SEC said.<\/p>\n<p>\u201cRather, the Commission seeks and encourages interested persons to provide comments on the proposed rule change.\u201d<\/p>\n<p>The agency is currently evaluating a growing number of crypto ETF proposals beyond Bitcoin and Ethereum, with filings covering a range of assets including Solana, XRP, Dogecoin, Cardano, and Litecoin.<\/p>\n<p>The current round of reviews comes amid a shift in regulatory tone under the Trump administration.<\/p>\n<h2 class=\"wp-block-heading\">The crypto ETF waitlist<\/h2>\n<p>The SEC is currently reviewing more than 70 cryptocurrency ETF applications, ranging from products tied to major altcoins like XRP, Solana, and Litecoin to more speculative meme-themed and leveraged offerings.<\/p>\n<p>Bloomberg ETF analyst Eric Balchunas described the current queue as \u201cwild,\u201d highlighting the breadth of filings, which include references to \u201cPenguins, Doge, and 2x Melania.\u201d<\/p>\n<p>This wave of applications follows two landmark approvals by the agency: spot Bitcoin ETFs in January 2024 and spot Ethereum ETFs in July. Both were viewed as significant milestones for mainstream adoption of crypto investment vehicles.<\/p>\n<p>According to Bloomberg estimates from February, Litecoin ETFs have the highest likelihood of approval at 90%, with Dogecoin ETFs following at 75%.<\/p>\n<h2 class=\"wp-block-heading\">Crypto ETPs inflows continue<\/h2>\n<p>Amid the regulatory developments, crypto investment products attracted <a href=\"https:\/\/coinjournal.net\/news\/crypto-etps-see-785m-in-weekly-inflows-aum-nears-record-high\/\">$785 million in net inflows last week<\/a>, according to CoinShares.<\/p>\n<p>This marked the fifth straight week of gains, bringing total 2025 inflows to $7.5 billion and fully offsetting the $7 billion withdrawn earlier this year during a market correction.<\/p>\n<p>Assets under management in crypto ETPs reached $172.9 billion globally, nearing all-time highs.<\/p>\n<p>US-based products led with $681 million in inflows, followed by Germany at $86.3 million and Hong Kong at $24.2 million \u2014 its largest since November 2024. Sweden, Canada, and Brazil recorded modest outflows.<\/p>\n<p>Solana-based products, despite the ETF headlines, saw net outflows of $0.9 million last week.<\/p>\n<p>XRP and Sui drew $5 million and $9.3 million in inflows, respectively, while Cardano and Chainlink also saw minor gains.<\/p>\n<p>21Shares, already active in the US through its spot Bitcoin and Ethereum ETFs with Ark Invest, has recently expanded its filings to include Solana, Dogecoin, XRP, and Polkadot.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/us-sec-delays-decision-on-21shares-and-bitwise-solana-etfs\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) &#13; The regulator said it was \u201cinstituting proceedings\u201d to consider the 21Shares Core Solana ETF and the Bitwise Solana ETF, according to filings released Monday. &#13; The SEC is currently reviewing more than 70 cryptocurrency ETF applications. &#13; Crypto investment products [&hellip;]<\/p>\n","protected":false},"author":3947362387,"featured_media":52336,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/52715"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362387"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=52715"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/52715\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/52336"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=52715"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=52715"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=52715"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}