The U.S. Securities and Exchange Commission (SEC) has postponed its decision on several applications for exchange-traded funds (ETFs) linked to Solana, including proposals from 21Shares, Bitwise, VanEck, and Canary Capital. During a recent regulatory filing, the SEC announced it requires more time to evaluate legal and policy matters associated with these applications. The delays do not signify a forthcoming approval or rejection, as the Commission emphasized its interest in receiving public comments regarding these proposed rule changes. Following the approval of spot Bitcoin and Ethereum ETFs the previous year, the SEC's actions hold significant implications for the cryptocurrency market as interest in various digital asset-based investment products surges. The recent influx of ETF proposals is encouraged by the evolving attitudes of federal regulators towards cryptocurrency under the new administration, although industry experts advise caution in expectations for immediate approvals.

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