The SEC Halts Solana Spot ETF Again, Leaving the Digital Asset Investment Outlook Full of Uncertainties!

U.S. regulators have once again delayed the approval of the Solana spot ETF, causing a surge in market uncertainty. The applications from 21Shares and Bitwise have been forced to extend their review period, which has been postponed multiple times, reflecting the regulators' high vigilance regarding investor protection and preventing market manipulation.

Previously, Grayscale's Solana ETF plan was also delayed, and the entire approval pace for digital asset funds has noticeably slowed. Although industry experts still believe that the probability of Solana ETF approval is as high as ninety percent, the regulatory timeline has been pushed back to the end of the year, making breakthroughs unlikely in the short term.

Meanwhile, CME's Solana futures have become a compliant alternative for institutional investors, and the slow progress of the spot ETF has intensified market wait-and-see sentiment. The price of Solana has slightly retreated in response, indicating that investors are cautious about the ETF delay.

Overall, regulatory pressure remains the biggest obstacle to the popularity of crypto ETFs, and the future approval path is full of uncertainties, so investors need to be wary of potential risks.