#SECETFApproval Solana ETF Approval on Hold: SEC Requests Filing Revisions from Issuers

The wait for a Solana (SOL) exchange-traded fund (ETF) has been extended as the Securities and Exchange Commission (SEC) delayed approval of the application submitted by Fidelity. The proposed ETF now faces additional review and required changes before it can move forward.

Solana ETF Approval on Hold: SEC Requests Filing

In Brief

The SEC has delayed its decision on Fidelity’s proposed Solana (SOL) ETF, extending the review process.

Issuers were asked to amend and refile their S-1 documents by the end of July.

Analysts, including Bloomberg’s James Seyffart, view the delay as expected and anticipate approval later this year.

Despite the regulatory hold-up, Solana has shown strong on-chain activity and capital inflows, surpassing Ethereum.