The post Fidelity’s Solana ETF delay raises concerns – ‘No approvals until fall’ appeared on BitcoinEthereumNews.com.

Fidelity SOL ETF has been delayed as issuers await the SEC’s new crypto ETF approval framework.  Analysts cautioned that the SEC holdout could extend altcoin ETF approval to Q4.   The U.S. Securities and Exchange Commission (SEC) has delayed a decision on Fidelity’s spot Solana [SOL] ETF (exchange-traded fund) application.  The Solana ETF will have to wait. Again! The filing was officially acknowledged on the 7th of July, with the SEC now entering a comment and rebuttal phase under Commodity-Based Trust Shares. But there could be more delays for other altcoin ETFs too, which were initially expected to be approved in the summer.  In an X (formerly Twitter) post on the 7th of July, Bloomberg senior ETF analyst James Seyffart said the delay was ‘expected.’ He linked the temporary hold-up to the agency’s planned ‘digital asset ETP framework.’ “We’re still waiting for some sort of movement from the SEC on a generalized digital asset ETP framework.” Source: James Seyffart/X Altcoin ETF approval could extend to Q4 Per the report, the SEC asked issuers to refile their amended applications by the end of July. However, Seyffart said that approval in Q3 maybe likely, but the SEC plan could extend the timeline.  “Q3 approval is definitely possible and maybe even likely. But that doesn’t mean it’s imminent.” His projection was similar to Nate Geraci of ETFStore. Geraci cautioned that some issuers expected the SEC’s proposed crypto ETF approval guidelines to be functional by Q4.  “Some issuers don’t believe this framework will be fully implemented until early fall. So *no* spot crypto ETF approvals until then.” According to the agency’s statement on July 1st, the framework would also involve added disclosure requirements.  Already, the recently approved conversion of the Grayscale multi-crypto index fund into an ETF has been paused until the said framework is…

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Filed under: News - @ July 8, 2025 11:22 am