Breaking: Fidelity's Solana ETF Delayed by SEC
2025-07-07 18:18:01
Main Idea
The SEC has delayed the approval of Fidelity's proposed spot Solana ETF, with expectations that approval may not occur until fall.
Key Points
1. The SEC delayed Fidelity's spot Solana ETF proposal on June 13.
2. Bloomberg reports the delay was expected.
3. REX-Osprey recently launched a staking-enabled Solana ETF via a spot-based product.
4. Reuters suggests spot Solana ETFs may be approved before other offerings, but likely not until fall.
Description
The SEC is unlikely to approve spot Solana ETFs this summer, with Fidelity's offering facing a delay
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