The US Securities and Exchange Commission (SEC) has once again postponed its ruling on five Solana exchange-traded funds (ETFs), prolonging the regulatory assessment process for investment products linked to Solana (SOL). The affected funds include the Canary Solana Trust, 21Shares Core Solana ETF, Bitwise Solana ETF, VanEck Solana ETF, and Fidelity Solana Fund. Initially expected on April 4, the SEC extended the review period to May 19 for 21Shares, Canary Capital, VanEck, and Bitwise. Instead of a final decision, the SEC announced a public comment period for all applications. The deadline for the Fidelity Solana Fund was also pushed to July 8. This delay is part of a trend in the SEC's cautious approach to altcoin-based financial products, despite a more crypto-friendly government. Approval odds for a Solana ETF by July 31 have dropped to 16%, but long-term prospects remain positive. Solana's price has shown a 2.7% increase, reaching $169. Read more AI-generated news on: https://app.chaingpt.org/news

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