SEC Delays Solana ETF Decision to October — Expect Continued Uncertainty
I note the SEC has postponed the decision on Bitwise and 21Shares' Solana ETF to October. This pushes the earliest regulatory clarity further out and keeps a potential ETF catalyst on hold.
I view the delay as an extension of regulatory uncertainty rather than a definitive negative signal about Solana itself. I will monitor any SEC commentary, additional filings, or industry responses that could indicate the likelihood of eventual approval.
Analysis
Recommendation
Wait for further SEC action or clearer guidance before initiating new positions; existing holders should manage risk and set alerts for the October timeline and related filings.
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.