ETF Solana approvals for Bitwise and 21Shares put on hold by the dry

The SECURITIES AND EXCHANGE Commission (SEC) of the United States has slowed the approval of two major proposals concerning the funds negotiated on the stock market (ETF) Solana.

The dry scrutinizes the Solana ETF: compliance and market risks in question

The proposals of ETF Solana de Bitwise and 21Shares were delayed while the SEC begins a new series of procedures to assess their compliance with the key rules of the Exchange Act Securities.

The SEC has raised concerns concerning market manipulation and the protection of investors, which are crucial questions to consider before giving the green light to the rating of all ETF.

Bitwise submitted its request earlier this year via the CBOE BZX Exchange. In addition, 21Shares, which already manages ETF for Bitcoin and Ethereum, also wishes to participate in the Solana movement. Despite their experience, the dry has not yet approved any ETF Solana.

Solana is often rented to be faster and less expensive to use than Ethereum, which makes it popular with crypto enthusiasts. However, the financial regulator remains cautious and wishes to ensure that ETFs linked to Solana will not pose long -term problems.

The agency said in a press release that it also wishes to collect public opinions on the proposal to quote and negotiate the shares of a trust holding ground, cryptocurrency. She said ::

In particular, the Commission seeks to obtain comments on the question of whether the proposal to quote and negotiate the shares of the Trust, which would hold the soil, is designed to prevent fraudulent and manipulative acts and practices, or raises new or unpublished concerns which had not been considered before by the Commission.

Crypto ETF trapped in the slowness of regulation

It's not just Solana. The dry has slowed the approval of the Crypto ETF in general in recent times. Many requests are pending while the regulator is looking for the best way to manage these new types of investments.

However, some market observers remain optimistic. Bloomberg analysts had previously considered that most of these Crypto ETFs would be approved before the end of the year. They evaluated the chances of around 90 % for the ETF Solana and Litecoin.

This optimism is partially fueled by President Pro-Crypto Donald Trump, who had committed to making the United States the world capital of the crypto. His commitment was clear when he signed an executive order to establish a Bitcoin strategic reserve and a reserve of American digital assets. The growing institutional interest has also contributed to this positive perspective.

Despite these encouraging developments, the expectation of an ETF Solana continues. The last late in the SEC means that a final decision could be postponed to the end of the year.

Solana's price continues to increase despite the setback

Despite the DEC delays, Solana's price has not slowed down, increasing by more than 3 % in the last 24 hours. The main commentator Crypto on X, Ali Martinez, revealed that the number of portfolios holding 0.1 Solana or more has reached a new historic record of 11.16 million, showing an increasing accumulation of the token.

Another analyst, Abbotstressed that the multi -annual upward trend of Solana remains intact. He explained that last month, Sol retests the trend line that marked its bottom, and since then, the token has jumped by more than 50 %, its fundamentals continuing to improve. Case remains confident that $ 290 was not the floor top and expects it to reach a new record in 2025.

The approval by the SEC of ETF Solana could trigger a new price increase, similar to the reaction of Bitcoin during the approval of an ETF in January 2024. ETFs generally offer simpler and safer access to investment, which often increases prices.

The measured approach of the dry demonstrates their caution with crypto investments. Although investors can find these frustrating delays, the possible approval of ETF Solana could catalyze an increase in investments and an appreciation of prices.