The U.S. Securities and Change Fee (SEC) has delayed its resolution on a number of spot Solana exchange-traded fund (ETF) proposals from 21Shares, Bitwise, VanEck, and Canary Capital. The SEC is looking for extra time to think about authorized and coverage points associated to those purposes, specializing in considerations about market manipulation and investor safety.
The delay doesn’t point out a last resolution on the approval or rejection of those funds. The company has initiated proceedings and opened a public session to assemble extra enter on the proposed rule adjustments. This transfer is a part of a broader assessment of quite a few digital asset-based funding merchandise following the SEC’s approval of spot Bitcoin and Ethereum ETFs final yr.
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