SEC Delays Decision on Solana ETF Proposals Until October

According to BlockBeats, the U.S. Securities and Exchange Commission (SEC) has postponed its decision on the Bitwise Solana ETF and 21Shares Core Solana ETF proposals. The new deadline for the decision is set for October 16. The SEC stated that extending the timeframe is necessary to thoroughly evaluate the proposed rule changes and address any related issues. Other Solana ETF applications, including those from Grayscale and Fidelity, have also experienced delays in the past.