The U.S. SEC has delayed its decision on VanEck's proposed Solana (SOL) ETF, along with other altcoin ETFs.
The SEC continues to assess crypto-related investment products, considering concerns about market volatility, regulatory scrutiny, and custody security.
The postponement allows the SEC more time to evaluate VanEck's proposal and potentially set a precedent for other altcoin ETFs.
SEC has also delayed decisions on ETFs for Dogecoin (DOGE), XRP, Litecoin (LTC), Cardano (ADA), and staking proposals for Ethereum ETFs.