SEC Delays Solana ETF Decisions Amid Market Manipulation Concerns

The U.S. Securities and Exchange Commission (SEC) has postponed its decision on four proposed Solana exchange-traded fund (ETF) applications, including filings from Bitwise, 21Shares, VanEck, and Canary. The agency plans to ‘institute proceedings’ to assess if these proposals meet regulatory standards before issuing a final ruling. This procedural move allows the SEC more time for review and opens a public comment period.