The U.S. Securities and Exchange Commission (SEC) has put the brakes on its decision regarding several Solana exchange-traded fund (ETF) proposals submitted by firms such as 21Shares, Bitwise, Canary Capital, and VanEck. This delay marks a pivotal moment for Solana’s potential to enter regulated financial markets through ETFs. The SEC has initiated a public comment period, reflecting their meticulous approach to scrutinizing cryptocurrency products. The SEC’s decision will likely impact the price of SOL (Solana), currently trading around $167.15, and influence investor sentiment in the broader market landscape. This delay follows a pattern seen with Bitcoin and Ethereum ETFs, highlighting a cautious stance towards cryptocurrencies within the financial sector.