How is $SOL doing?
Hello Trader Friend. . .
The U.S. Securities and Exchange Commission (SEC) has postponed its decision on the proposed Solana exchange-traded fund (ETF). Now, Crypto players have shifted their attention to the upcoming deadline for Polkadot and XRP-based ETFs in June. According to the SEC filing on May 13, the decision on Grayscale's Solana Trust ETF at the New York Stock Exchange (NYSE) has been delayed until October 2025.
This move follows the SEC's previous delay on the decision regarding the Canary Capital Litecoin ETF, as mentioned by Bloomberg Intelligence analyst James Seyffart in a post on May 5. Although the Solana ETF may attract less investment than the Bitcoin ETF, this ETF has the potential to increase institutional adoption of Solana.
What steps should be taken?
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