Breaking: US SEC Delays Decision on Grayscale Solana ETF
The post Breaking: US SEC Delays Decision on Grayscale Solana ETF appeared on BitcoinEthereumNews.com. Key Insights: The U.S. Securities and Exchange Commission (SEC) delayed Grayscale spot Solana ETF again by another 60 days. The SEC designated October 10 as the final date to either approve or disapprove the Grayscale Solana ETF. SOL price tumbled 3% after the decision to further delay the ETF. The U.S. Securities and Exchange Commission (SEC) has delayed its decision on Grayscale spot Solana ETF, joining other altcoin ETFs facing a longer waiting period. As a result, Solana price tumbled more than 3% over the last 24 hours, erasing the positive sentiment among traders. US SEC Postpones Grayscale Solana ETF Approval According to the latest US SEC filing, the government agency has extended the decision to approve or deny the Grayscale Solana ETF application to another 60 days. Grayscale spot Solana ETF was delayed as the SEC seeks more time to further evaluate whether the proposed ETF meets listing and trading requirements under NYSE Arca Rule 8.201-E, as per the filing. “The Commission finds it appropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change and the issues raised therein,” stated the SEC. NYSE Arca filed the request to list and trade the Grayscale Solana ETF on January 24. However, it was published in the Federal Register on February 12, making August 17 the next deadline for the SEC to make its decision. The US SEC designated October 10 as the final date to either approve or disapprove the Grayscale Solana ETF. SEC Delays Solana ETFs by Other Issuers Grayscale Spot Solana ETF was first delayed by the SEC on March 11. Two days later, the commission started proceedings to approve or disapprove the proposed rule to list and trade as commodity-based…
The post Breaking: US SEC Delays Decision on Grayscale Solana ETF appeared on BitcoinEthereumNews.com.
Key Insights: The U.S. Securities and Exchange Commission (SEC) delayed Grayscale spot Solana ETF again by another 60 days. The SEC designated October 10 as the final date to either approve or disapprove the Grayscale Solana ETF. SOL price tumbled 3% after the decision to further delay the ETF. The U.S. Securities and Exchange Commission (SEC) has delayed its decision on Grayscale spot Solana ETF, joining other altcoin ETFs facing a longer waiting period. As a result, Solana price tumbled more than 3% over the last 24 hours, erasing the positive sentiment among traders. US SEC Postpones Grayscale Solana ETF Approval According to the latest US SEC filing, the government agency has extended the decision to approve or deny the Grayscale Solana ETF application to another 60 days. Grayscale spot Solana ETF was delayed as the SEC seeks more time to further evaluate whether the proposed ETF meets listing and trading requirements under NYSE Arca Rule 8.201-E, as per the filing. “The Commission finds it appropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change and the issues raised therein,” stated the SEC. NYSE Arca filed the request to list and trade the Grayscale Solana ETF on January 24. However, it was published in the Federal Register on February 12, making August 17 the next deadline for the SEC to make its decision. The US SEC designated October 10 as the final date to either approve or disapprove the Grayscale Solana ETF. SEC Delays Solana ETFs by Other Issuers Grayscale Spot Solana ETF was first delayed by the SEC on March 11. Two days later, the commission started proceedings to approve or disapprove the proposed rule to list and trade as commodity-based…
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