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The SEC has postponed the decision on the Solana ETF, with a new deadline set for October 16.
[Chain News] PANews August 15 news, the US Securities and Exchange Commission ( SEC ) has delayed its decision on whether to approve the Solana exchange-traded fund ( ETF ) proposal. The SEC stated in the submitted documents that the next deadline for the Bitwise Solana ETF and 21Shares Core Solana ETF is set for October 16. Both documents indicate: "The commission believes that it is appropriate to designate a longer period to issue an order approving or disapproving the proposed rule change so that the commission has sufficient time to consider the proposed rule change and the issues raised therein." As various companies modified their application documents last month to obtain SEC approval, the SOL ETF proposal is making progress. Companies including Proshares, Grayscale, Canary, and 21Shares are all awaiting SEC approval.