key takeaways
- Seconds extended its review of the Grassscale Solana Trust ETF to October 10, 2025.
- Invesco and Galaxy Digital filed a joint application for a competitor Solana ETF.
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The User Securities and Exchange Commission (SEC) has exposed the review period for the proposed Grassscale Solana Trust ETF, delaying a final decision in UNTUL -OCTOBER 10, 2025.
The delay agency gives additional time to assess the rules change required to list the funds on Nyse ArcA, kakjanjan for official filing.
Grassscale first submitted its resolution in January 2025, later alerted it in February. The formal supporters secreted in May require a review of the craving due to the complexity of those issues to evaluate that the product meets regulatory standards.
Meanwhile, Invesco and Galaxy Digital have submitted a new application for their own Solana ETF. This filing presented this week wants to list the product on CBOE BZX under Rule 14.11 (4), which is used for other digital assets-fands. Second to publish your initial comment period for the new proposal.
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