The U.S. Securities and Change Fee (SEC) has postponed its choices on a number of spot Solana exchange-traded funds (ETFs), together with these proposed by 21Shares, Bitwise, VanEck SolidX Bitcoin Belief, and Constancy. The SEC has opened a public remark interval for the 21Shares and Bitwise Solana ETFs and cited the necessity for additional evaluation in delaying the approval of Constancy’s spot Solana ETF. The Cboe BZX Change has filed a rule change proposal to record shares of Bitwise’s Solana ETF underneath BZX Rule 14.11(e)(4), which pertains to commodity-based belief shares. These delays replicate the SEC’s ongoing cautious strategy towards approving cryptocurrency-related ETFs, notably these involving Solana (ticker: SOL).
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