#Breaking :US SEC Delays Decision On Solana ETFs

The US SEC has requested more time to decide on the Solana ETF filing from Bitwise and 21Shares, sparking speculations in the market

Highlights

The 21Shares and Bitwise Solana ETF application has received another extension before approval

Amid the delay, the regulator has opened new proceedings that will guide its decision on the products

The price of Solana has stalled and this delay may delay its rebound push

The US Securities and Exchange Commission (SEC) has delayed its decision on the spot Solana ETF applications from 21Shares and Bitwise. The delay is part of the uncertainty surrounding the broader crypto ecosystem’s ETF pursuits from asset managers. According to an update from the markets regulator, it is “instituting proceedings” for the two firms’ filings starting today.