Solana Price Forecast: Delay in Decision on Its Exchange-Traded Funds (SOL ETFs) Raises Concerns, Will Its Price Drop Below 100$ Soon?
The deadline for a decision on Solana ETFs has been postponed to next October, and this is not the first time the Securities and Exchange Commission (SEC) has delayed its decisions on this matter.
The price of Solana (Solana-SOL) has risen by 0.5% over the past 24 hours, as the currency struggles to regain momentum after the U.S. Securities and Exchange Commission (SEC) postponed its decision regarding a number of Solana Spot ETFs.
The price of Solana has decreased by 6.5% over the week to currently record $167, but this altcoin is still up by 13% over two weeks and 20% over a month.
Although the news of the delay may be disappointing for some coin holders, it was not surprising for others, given that the U.S. Securities and Exchange Commission (SEC) set next October as the deadline for most ETF applications.
Given Solana's position as the second-largest layer one coin after Ethereum, it is likely that its ETFs will receive approvals later this year, which could enhance the positive outlook for its price in the long term.
Solana Price Forecast: Delay in ETF Decision Raises Concerns, Will the Price Drop Below $100?
