SEC Delays Decision on Solana ETFs, Pushing Back Potential Approval Until October

The U.S. Securities and Exchange Commission (SEC) has postponed its decision on approving Solana exchange-traded funds (ETFs) until October 16th, potentially impacting the cryptocurrency landscape. This delay stems from ongoing regulatory scrutiny of these proposals from Bitwise and 21Shares, leading to mixed market reactions. Experts predict a shift in the crypto investment space if SEC approval is granted, while CoinMarketCap data reveals Solana’s volatility and growth potential.