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