<ul><li>The SEC has delayed its decision on multiple spot Solana ETF applications due to concerns about market manipulation and the need for stronger investor protection mechanisms.</li><li>The delay is part of the SEC's caution towards crypto-based ETFs not tied to Bitcoin or Ethereum, with unresolved issues prompting the need for further evaluation.</li><li>Formal proceedings have been initiated by the SEC to assess the ETF filings more thoroughly, including opening a public comment period for feedback from stakeholders and the public.</li><li>Despite the regulatory hurdles, market sentiment around Solana is cautiously optimistic, with analysts projecting a 70% likelihood of approval for Solana ETFs by the end of 2025.</li></ul>

SEC Delays Solana ETF Decision Amid Market Manipulation Concerns

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