Solana ETFs Face Regulatory Hurdles as SEC Delays Decisions

The US Securities and Exchange Commission (SEC) has extended its review of four Solana ETF applications, citing concerns about market manipulation and investor protection. These applications from Bitwise, VanEck, 21Shares, and Canary Digital aim to bring spot Solana ETFs to US exchanges for the first time. However, the SEC’s delay in making a decision highlights the agency’s cautious approach to broader crypto ETF approval beyond Bitcoin and Ethereum products.