The funds negotiated on the stock market (ETF) Solana in the United States experienced a new obstacle before their arrival on the market. According to recent information, the Securities and Exchange Commission (SEC) suspended its discussions on possible approval by an ETF Sol, postponing the final decision on October 16.
In short
- The SEC reports the reviews of ETF Solana for the main transmitters, postponing the date of decision to October 16.
- Crypto analysts provide an approval of ETFs despite current delays, citing a favorable market feeling.
- Solana is exchanged at $ 195, surpassing Ethereum in volume of perpetual trading over 24 hours.
- The price remains above the simple mobile average over 200 days, with bullish forecasts establishing a short-term target at $ 250.
The dry exhausts its extensions on the Solana ETF
Although crypto players remain optimistic about the approval of an ETF Solana, it could flow a certain time before these investment products receive an official green light. Thursday, in several separate press releases, the SEC announced the postponement of the ETF Solana exams filed by Bitwise,, 21Shares And Canary Capital.
Bloomberg ETF analyst James Seyffart also said the agency had postponed the examination of the ETF Sol proposal filed by Marinade Finance.
The SEC justified this new postponement by explaining that the extension of the approval period would make it possible to have enough time to examine all the complexities linked to the various proposals.
The Commission considers that it is appropriate to designate a longer period to issue an approving or disapproving order the proposed rule modification, in order to have enough time to examine it as well as the questions it raises.
Securities and Exchange Commission of the United States
With this last postponement, the SEC has now exhausted the maximum period authorized for examining these investment products. It will therefore be required to make a final verdict no later than October 16.
This is not the first time that the organization has pulled up deadlines for ETFs linked to cryptocurrencies: last year, it had already delayed the approval of eth and soil deposits presented by Grayscale, Coinshares and Fidelity.
The dry accelerates on the Crypto ETF despite the wait for Solana
Carried by the pro-Crypto administration of President Donald Trump, the SEC has seen many ETF requests leaning against digital assets, including the same. If the ETF Bitcoin and Ethereum have obtained their authorization, Solana remains pending.
In July, the Commission ordered the issuers to revise their requests for ETF Solana in accordance with the regulatory requirements stipulated.
During the past year, the SEC adopted a favorable position towards investment products focused on digital assets. Only last month, the agency voted to authorize the creations and redemptions in kind of the Crypto ETF by approved companies.
ETF Crypto also lead the market in terms of demand, capturing half of ETF launches in the United States.
Experts bet on imminent approvals
Even with the recent delay in examination of ETF focused on altcoins, many market players believe that a regulatory breakthrough is imminent. The president of The Etf Store, Nate Geraci, even said that several crypto ETFs will be launched soon.
In a recent interview with CNBC, Geraci noted that favorable regulatory decisions And capital rotations to BTC and Ether helped propel the momentum of altcoins. According to him, the new regulations will serve as a catalyst for other ETF Crypto launches in the coming months.
Seyffart has also noted that the ETF Sols would probably get a green light before the October deadline, further strengthening Geraci's position.
Solana on a bullish dynamic
Sol is currently exchanging at $ 195 after a solid performance last week. Bullish feelings remain strong, as shown in a fear of fear and greed high at 60, a sign that investors are confident about future soil trends.
Notable trends on the Solana market:
- Trading activity: soil has exceeded Ethereum in perpetual trading volume over 24 hours, a sign of increased interest in traders.
- Sensation of the market: perspectives deemed positive, supported by a favorable technical momentum.
- Technical force: course above the simple mobile average at 200 days, a long-term key bull signal.
- Regular progression: gains recorded 17 days over the last 30, confirming a sustained trend.
Solana also strengthened its position in the decentralized trade sector following a sharp increase in the last month. In view of this impressive trend, crypto commentators have revised their Solana price forecasts, some set a goal at $ 250.
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