The SEC opposes the approval of the Solana ETF due to ongoing regulatory reviews of Crypto Assets, leading to a delay in the Solana ETF proposal to assess market risks and protect investor interests. Bitwise and 21Shares must wait a bit longer as the SEC continues to review their Solana ETF plans. The SEC is seeking more feedback before making a decision on the Solana ETF, which has resulted in further delays for Crypto investors. The U.S. SEC has postponed its decision on two exchange-traded fund proposals based on Solana. This move affects the applications submitted by Bitwise and 21Shares. These proposals aim to list ETFs that track the price of Solana, a popular Blockchain Token. A new round of litigation procedures has been initiated, as announced by the SEC.

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