##Binance #dream #Solana
SEC Delays Decision on Solana ETF Filings
The Commission pushed back its deadline on proposals from 21Shares, Bitwise, VanEck and Canary Capital.
In brief:
The SEC delayed on Monday its decision on whether to approve several spot Solana ETFs in the U.S.
The Commission said it needs more time to consider legal and policy issues related to the ETF applications.
The federal regulator approved spot Bitcoin and Ethereum ETFs, respectively, last year.
The U.S. Securities and Exchange Commission has extended its deadline to decide on multiple proposals for exchange-traded funds tracking the price of Solana, according to separate regulatory filings on Monday.
The SEC said it needed more time to digest legal and policy issues related to the applications from 21Shares, Bitwise, VanEck and Canary Capital, the agency said. The delays, however, do not reflect the likelihood of the regulator approving or rejecting the funds.
“Institution of proceedings does not indicate that the Commission has reached any conclusions with respect to any of the issues involved,” the SEC said Monday. “The Commission seeks and encourages interested persons to provide comments on the proposed rule change.
