<ul><li>The SEC delayed its decision on Grayscale’s proposed Solana ETF to October 2025, following similar delays for other altcoin ETFs like Canary Capital’s Litecoin product. Public comments are now open.</li><li>The SEC is also reviewing a proposed rule change for BlackRock’s Bitcoin ETF and opened comments for 21Shares’ Dogecoin ETF, indicating increased ETF activity in the crypto space.</li><li>Solana's on-chain activity is booming despite regulatory uncertainty, leading in Q1 revenue and DEX volume.</li><li>Solana faced renewed sell pressure from major holders, with significant unstaking and exchange activity observed. It continued to perform well, with record-breaking revenue and DEX volume.</li></ul>

SEC Hits Pause, Solana Whales Drive Network to New All-Time High

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