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Fidelity’s Solana ETF Stalls Again as SEC Opens 21-Day Comment Window

  • The SEC delays Fidelity’s Solana ETF again, highlighting reluctance to approve altcoin ETFs despite market demand.
  • Fidelity’s proposal for a spot Solana ETF undergoes a 21-day public comment period initiated by the SEC, showcasing cautious regulatory approach.
  • As the SEC focuses on Bitcoin and Ethereum spot ETFs, altcoin ETF approvals face delays, leading to the rise of hybrid crypto funds like the REX-Osprey Sol + Staking ETF.
  • Investors are advised to carefully consider risks due to regulatory uncertainties around altcoin ETFs, with alternative vehicles suggested for exposure to Solana amidst prolonged approval processes.

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