Fidelity’s Solana ETF Stalls Again as SEC Opens 21-Day Comment Window
The post Fidelity’s Solana ETF Stalls Again as SEC Opens 21-Day Comment Window appeared on BitcoinEthereumNews.com.
The SEC delays Fidelity’s Solana ETF again, signaling ongoing reluctance to approve altcoin spot ETFs despite market demand. Hybrid crypto funds like REX-Osprey’s Sol + Staking ETF gain traction as altcoin ETF approvals face prolonged regulatory hurdles. Fidelity’s bid to launch a spot Solana exchange-traded fund (ETF) has once again been delayed, as the U.S. Securities and Exchange Commission (SEC) opens a formal 21-day public comment period. The regulatory pause points out the ongoing reluctance of U.S. authorities to approve altcoin-based ETFs, despite growing market demand and recent efforts to introduce clearer guidance for crypto funds. The proposal, submitted through the Cboe BZX Exchange, is now undergoing the SEC’s multi-phase review process. The agency will collect public input for 21 days, followed by a 35-day rebuttal window after publication in the Federal Register. While delays are common, this development shows the SEC’s cautious approach toward crypto products outside the Bitcoin and Ethereum scope. SEC Tightens Oversight on Altcoin ETFs Bloomberg ETF analyst James Seyffart stated that the delay was expected, pointing out the SEC’s current preference to approve only Bitcoin and Ethereum spot ETFs. The regulator’s review of Fidelity’s Solana ETF comes amid broader concerns over market manipulation, custody frameworks, and investor protections in the altcoin sector. MORE delays. @Fidelity‘s Solana ETF filing was just delayed as expected. We’re still waiting for some sort of movement from the SEC on a generalized digital asset ETP framework. pic.twitter.com/8m2DSdHJYV — James Seyffart (@JSeyff) July 7, 2025 Despite the agency’s recent move to introduce new guidance for crypto ETFs, which requires fund issuers to disclose risk factors and operational structures more clearly, the SEC has yet to approve any altcoin-focused spot ETFs. The guidance marks progress toward transparency but doesn’t appear to expedite approval timelines for products like Fidelity’s. As traditional spot ETF…
Filed under: News - @ July 9, 2025 2:25 am