SEC Delays Solana ETF Approvals Amidst Concerns Over Market Manipulation

The U.S. Securities and Exchange Commission (SEC) has put on hold the approvals for proposed Solana exchange-traded funds (ETFs) by firms like Bitwise and 21Shares. The delay stems from concerns over market manipulation risks and investor protection. While the SEC continues its review, Solana’s price remains resilient and investor interest continues to be strong. The SEC aims to address these issues before giving the green light for any ETF listing.