SEC Delays Solana ETF Decisions Amid Market Concerns

The U.S. Securities and Exchange Commission (SEC) has delayed its decision on applications for Solana exchange-traded funds (ETFs), citing concerns about market manipulation risks. This delay impacts investor confidence and creates uncertainty in the crypto industry. The SEC is evaluating these applications, which include filings from Grayscale, Bitwise, and 21Shares, to ensure compliance with the Securities Exchange Act before granting approval. These delays are similar to previous non-BTC/ETH ETF reviews, where procedural reviews have been conducted. 🧐