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.