The SEC has delayed Solana ETF moves from Fidelity and other firms, prompting revised filings and a new comment window.
Major players like 21Shares, Grayscale, VanEck, Bitwise, and Canary are expected to make updated rule changes and resubmissions as per the SEC's directive.
The delays were somewhat anticipated, with the SEC seeking revisions related to staking mechanics and in-kind redemption processes by the end of July.
While the delays are discouraging, the active review of staking and redemption methods hints that crypto investment products could launch soon if submissions are timely.