The U.S. Securities and Exchange Commission (SEC) has announced a delay in making a definitive decision on the Fidelity Solana Fund, opening the opportunity for public comments.
Delay in Decision Making
The SEC announced a 21-day period for the public to submit comments on whether the Fidelity Solana Fund should be approved or disapproved. The agency also instituted a 35-day period for public rebuttal comments.
Situation with Solana ETFs
According to insiders, the SEC requested prospective issuers of spot Solana ETFs to re-file amended S-1 documents before the end of July. This move follows a similar request made last month, indicating that approval of such products may be imminent.
Prospects for SOL Price
The SOL price, like many altcoins, has been experiencing volatility over the past year. Despite current consolidation, forecasts suggest that strong fundamentals could propel Solana prices to new highs.
The SEC continues to carefully consider the Fidelity Solana Fund, generating expectations in the cryptocurrency world. The future of this ETF and SOL price remains a focal point for market participants.
