⏳ SEC Hits Pause on Solana ETF Decisions
The U.S. SEC has pushed back its verdict on the Bitwise Solana ETF and 21Shares Core Solana ETF proposals, setting a new deadline for October 16.
📌 Reason: The agency says it needs more time to fully assess the proposed rule changes and potential market impacts.
🔍 Context: Other Solana ETF bids — including from Grayscale and Fidelity — have already faced similar delays, highlighting the SEC’s cautious approach toward SOL-based investment products.
💡 Takeaway: The wait for a U.S.-listed Solana ETF continues, keeping investor excitement in a holding pattern.