SEC Delays Solana ETF Decision to October — Monitor for Catalyst
I note the SEC has pushed the decision on Bitwise and 21Shares' Solana ETF to October. This removes an immediate regulatory catalyst that traders were pricing in.
I view the delay as a neutral-to-cautious development: it increases short-term uncertainty and can keep volatility elevated, but it doesn't change Solana's on-chain fundamentals.
I will monitor developments and the new timeline closely, looking for signaling language in the SEC's eventual decision before changing my stance.
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