The deadline for making a decision regarding 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 (SOL) rose by 0.5% during the past 24 hours, as the currency struggles to regain momentum after the U.S. Securities and Exchange Commission (SEC) postponed its decision on several Solana spot ETFs.

The price of Solana has dropped by 6.5% over the week, currently recording at $167, but this altcoin remains 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 SEC set next October as the deadline for most ETF applications.

Given Solana's status as the second-largest Layer 1 coin after Ethereum, it is likely that its ETFs will receive approvals later this year, which could enhance its long-term price outlook.

Solana Price Outlook: ETF Decision Delay Raises Concerns, Will the Price Drop Below $100?

This is not the first time the U.S. Securities and Exchange Commission (SEC) has postponed its decision regarding.