The Securities and Exchange Commission (SEC) has delayed decisions on several proposed spot Solana ETFs, citing the need for further regulatory review and public input. While institutional interest in these products is high, no Solana ETF has been approved as the SEC evaluates compliance and investor protection standards. 21Shares, already managing Bitcoin and Ethereum ETFs, submitted a Solana ETF proposal earlier this year, while Bitwise’s submission, targeting CME CF Solana-Dollar Reference Rate for tracking, was filed through Cboe’s BZX Exchange in January. The SEC emphasized its commitment to protecting investors from fraudulent activity and ensuring the public interest is considered during this review process. This delay allows for a deeper examination of these proposals and their alignment with investor protection standards. The SEC’s action comes as Chairman Paul Atkins pushes for streamlined crypto oversight, aiming to allow SEC-registered firms to handle both securities and non-securities under a unified regulatory structure. Atkins believes this would streamline trading operations and reduce investor costs while potentially facilitating quicker federal oversight of non-security digital assets.