SEC delays Solana ETF as decisions for Polkadot, XRP loom

The US Securities and Exchange Commission (SEC) has pushed back its decision on a proposed spot Solana exchange-traded fund (ETF), with the cryptocurrency industry now looking to the deadlines for the Polkadot and XRP-based ETFs in June. The SEC pushed its decision on listing Grayscale’s spot Solana (SOL) Trust ETF on the New York Stock Exchange (NYSE) to October 2025, according to a May 13 filing by the securities regulator. Delay on Grayscale’s Solana ETF. Source: SEC The decision came the week after the SEC delayed its ruling on Canary…

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SEC Delays BlackRock, Fidelity, And Other's Spot Bitcoin ETF Applications

The SEC has just delayed BlackRock, Fidelity, WisdomTree, Invesco & Galaxy, VanEck, Bitwise, and Valkyrie’s spot Bitcoin ETF applications, as first reported by Bloomberg ETF analysts James Seyffart and Eric Balchunas. This was the first SEC decision deadline in the listing process for these applicants since filing, with the delays pushing these applications back another 45 days. The next bulk of deadlines are being slated for the middle of October.  Image Source: James Seyffart Earlier this week, Grayscale won its lawsuit with the SEC, resulting in the DC Circuit court of…

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SEC Delays ARK Invest And 21 Shares Spot Bitcoin ETF Application

Friday morning, the Securities and Exchange Commission (SEC) solicited comments on 21 Shares and Cathie Wood’s ARK Invest’s spot Bitcoin exchange-traded fund (ETF) application, further delaying the process. This is the second delay in the listing process for this ETF, with the first delay happening earlier this year. The third deadline for the SEC’s decision is scheduled for later this year for November 11. If the SEC delays the application again, it will go to its fourth and final deadline on January 10, 2024.  The race for approval for a spot Bitcoin…

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