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SEC Delays Grayscale Solana ETF Decision Until October

  • The SEC has delayed the decision on the Grayscale Solana ETF until October, in line with the standard 19b-4 filing process.
  • This delay allows regulators to assess the ETF's compliance with securities laws, structural details, and broader market impacts.
  • The SEC's cautious approach towards crypto financial products, including SOL-based ETFs, is evident in the postponed decision.
  • The review is part of increased regulatory scrutiny to ensure digital asset products align with compliance standards before public trading approval.

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