Investors are facing a delay in the approval of Grayscale's spot Solana ETF, as the SEC announced it has not yet reached conclusions on the NYSE's filing. The SEC has a deadline of 240 days to make a final decision, which may extend to October for this case. The odds of approval for Solana ETFs in 2025 have decreased slightly from 89% to 80%, then rebounded to 82% by the time of publication. Despite the news, Solana (SOL) remained unaffected, showing a 5% rise in value. Interest in spot Solana ETFs has grown since their emergence at the end of the Biden presidency, with some analysts noting the previous administration's different stance on Solana. There are questions about the potential popularity of such ETFs, given that alternative investment vehicles like treasury plays are gaining traction. As the SEC continues its evaluation, the broader investment landscape is evolving, focusing on how these developments will shape the future of Solana investment opportunities.

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