SEC Delays Decision on Bitwise and 21Shares Solana ETF

The U.S. Securities and Exchange Commission (SEC) has postponed its decision on the proposed Solana (SOL) spot ETF from Bitwise and 21Shares, pushing the review deadline to October. This announcement, reported by Unfolded, signals further regulatory scrutiny for cryptocurrency-based investment products. Bloomberg analyst James Seyffart offered insights, stating he anticipates no further delays beyond October. Seyffart maintains a positive outlook, suggesting the eventual approval of a SOL spot ETF, potentially with staking features enabled. While the delay introduces uncertainty, the long-term prospects for a Solana ETF remain optimistic, pending final SEC approval. The decision is keenly watched by investors. ```