SEC Delays Fidelity Solana ETF With New Review Period
The post SEC Delays Fidelity Solana ETF With New Review Period appeared on BitcoinEthereumNews.com. Key Points: Fidelity’s Solana ETF facing SEC delay with new public comment period. Solana gains market activity despite regulatory heating. Comparisons to Bitcoin and Ethereum ETF processes arise. Fidelity Investments’ proposal for a Physical Solana ETF has encountered a delay from the U.S. SEC as of July 7, 2025. The delay presents significant implications for the cryptocurrency market, driving anticipation and turbulent market responses, particularly for Solana. SEC Invites Public Input, Delays Solana ETF Decision Again Fidelity’s attempt to launch a robust spot Solana ETF has hit a regulatory snag, with the SEC’s latest official update announcing a 21-day comment period for further public insight. This move marks another instance in a series of delays experienced by firms attempting to launch crypto-related investment products through the Cboe BZX Exchange. Market reactions have been varied, with Solana’s price rising over 5% on the news, underscoring volatility amid regulatory scrutiny. Institutional players like Fidelity, Bitwise, and Grayscale remain engaged, with trading volumes indicating continued strong interest in SOL. Paul Atkins, Recently Nominated SEC Chair, remarked, “I support more coherent digital asset regulations.” Industry responses have shown mixed emotions. Some see it as a logical step in ensuring regulatory due diligence, while others express frustration at the slow pace of financial innovation in digital assets. Community members on platforms like Reddit and Twitter articulate these divergent perspectives, underlining ongoing debate on the SEC’s regulatory responsibilities. Solana Sees Price Surge Amid SEC Scrutiny and Industry Views Did you know? The last time the SEC delayed a crypto ETF, as seen with Bitcoin ETFs, market prices initially dipped before observing substantial increases upon approval, hinting at possible future trends for Solana. According to CoinMarketCap, Solana (SOL) currently trades at 148.27 USD with a market cap of approximately 79.41 billion USD. The maximum supply remains indefinite.…
The post SEC Delays Fidelity Solana ETF With New Review Period appeared on BitcoinEthereumNews.com.
Key Points: Fidelity’s Solana ETF facing SEC delay with new public comment period. Solana gains market activity despite regulatory heating. Comparisons to Bitcoin and Ethereum ETF processes arise. Fidelity Investments’ proposal for a Physical Solana ETF has encountered a delay from the U.S. SEC as of July 7, 2025. The delay presents significant implications for the cryptocurrency market, driving anticipation and turbulent market responses, particularly for Solana. SEC Invites Public Input, Delays Solana ETF Decision Again Fidelity’s attempt to launch a robust spot Solana ETF has hit a regulatory snag, with the SEC’s latest official update announcing a 21-day comment period for further public insight. This move marks another instance in a series of delays experienced by firms attempting to launch crypto-related investment products through the Cboe BZX Exchange. Market reactions have been varied, with Solana’s price rising over 5% on the news, underscoring volatility amid regulatory scrutiny. Institutional players like Fidelity, Bitwise, and Grayscale remain engaged, with trading volumes indicating continued strong interest in SOL. Paul Atkins, Recently Nominated SEC Chair, remarked, “I support more coherent digital asset regulations.” Industry responses have shown mixed emotions. Some see it as a logical step in ensuring regulatory due diligence, while others express frustration at the slow pace of financial innovation in digital assets. Community members on platforms like Reddit and Twitter articulate these divergent perspectives, underlining ongoing debate on the SEC’s regulatory responsibilities. Solana Sees Price Surge Amid SEC Scrutiny and Industry Views Did you know? The last time the SEC delayed a crypto ETF, as seen with Bitcoin ETFs, market prices initially dipped before observing substantial increases upon approval, hinting at possible future trends for Solana. According to CoinMarketCap, Solana (SOL) currently trades at 148.27 USD with a market cap of approximately 79.41 billion USD. The maximum supply remains indefinite.…
What's Your Reaction?
