SEC Delays Solana ETF Decision, Casting Uncertainty over Altcoin ETFs

The U.S. Securities and Exchange Commission (SEC) has once again delayed its decision on Solana exchange-traded funds (ETFs), pushing back the ruling to mid-2025. This comes as Bitwise and 21Shares, leading applicants for Solana ETFs, await further updates after initial applications were submitted in late 2022. The delay reflects ongoing concerns about crypto market manipulation and investor protection surrounding new ETF offerings.