The SEC has postponed its decision on the Solana ETF application
ChainCatcher news, according to Decrypt, the U.S. Securities and Exchange Commission has extended the deadline for making decisions on several proposals for exchange-traded funds tracking Solana, based on regulatory filings submitted on Monday. The SEC stated that it needs more time to digest the legal and policy issues related to the applications from 21Shares, Bitwise, VanEck, and Canary Capital. However, these delays do not reflect the likelihood of the regulator approving or rejecting these funds.
The SEC stated on Monday: "The filing of a lawsuit does not indicate that the Commission has reached any conclusions on the matters involved." The Commission seeks and encourages interested parties to comment on the proposed rule changes.
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