SEC Pushes Back Decision on 5 Solana ETFs, Approval Chances Drop for July

The US Securities and Exchange Commission (SEC) has once again deferred its decision on five Solana exchange-traded funds (ETFs), extending the regulatory review process for investment products tied to Solana (SOL).   The delay impacts the Canary Solana Trust, 21Shares Core Solana ETF, Bitwise Solana ETF, VanEck Solana ETF, and Fidelity Solana Fund. Why is the SEC Delaying Solana ETF Decisions? The SEC’s decision on 21Shares, Canary Capital, VanEck, and Bitwise’s filings was initially due on April 4. However, on March 11, the regulatory body extended its review period, giving it until May 19 to either approve or disapprove the proposals or initiate further proceedings to determine whether the rule changes should be approved source: https://beincrypto.com/sec-delays-solana-etf-decisions/