U.S. SEC Delays Fidelity’s Solana ETF: But There is a Catch

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Ah, yes, the United States Securities and Exchange Commission (SEC)—that lovely institution we all know and adore, who loves to keep us all on the edge of our seats! In an unexpected twist of bureaucratic brilliance, they’ve decided to delay making any definitive decisions about the Fidelity Solana Fund. Hold your applause, dear readers, for they’ve given us a glorious 21 days to submit our most sincere comments on whether the Fidelity Solana Fund should be approved or disapproved. Yes, that’s right—21 days to voice our deepest opinions. It’s like a democratic vote, but with a dash of chaos. 🙄

But wait, there’s more! The SEC has graciously allotted 35 additional days for those brave souls who wish to submit rebuttal comments. It’s almost as if they are hosting a public debate, except it’s all done on paper and no one actually listens. A truly heartwarming process! And let’s not forget, they’ve done the same thing with other spot Solana ETFs in the past—just another day in the SEC’s world of “Who Needs Decisiveness Anyway?” 📝

When Will Solana ETF Happen in the U.S? 🤔

According to sources close to the matter (who probably just whispered this into a half-empty coffee cup), the SEC has requested that those prospective issuers of spot Solana ETFs re-file their amended S-1 documents by the end of July. This request comes right after the SEC’s mysterious, almost magical signal last month, which suggested that the approval of spot Solana ETFs might be just around the corner. If you squint hard enough, you can almost see it. The excitement is palpable! 🎉

“I think that the SEC has some pressure to approve these quicker than waiting all the way to October, especially with that Rex Shares product that got approved last week,” said one anonymous insider, who clearly has a crystal ball for SEC-related drama. 🔮

James Seyffart, the ever-wise senior ETFs analyst at Bloomberg, has boldly stated that there’s more than a 90 percent chance that the SEC will approve the various spot SOL ETFs by the end of 2025. Yes, that’s right—90 percent. I mean, we all know how accurate predictions about regulatory bodies can be, right? 😅

What’s Next for SOL Price? 💸

Now, let’s talk about the real juicy stuff—the price of SOL. As with the broader altcoin market, SOL has been stuck in a pattern of uncertainty for the past year. This big, shiny coin with a fully diluted valuation of around $89.5 billion and a daily trading volume of about $3.7 billion is trying to regain its bullish momentum. It’s like watching a goldfish trying to swim in a bowl—so much potential, but so little space to move. 🐟

If you liked #Solana at $150, you’ll love it at $500.

— Mags (@thescalpingpro) July 7, 2025

Despite the weekly Relative Strength Index (RSI) suggesting some midterm bearish sentiment, the fundamentals are as strong as a bear in a gym, meaning SOL is likely to rocket towards a new all-time high in the near future. It’s like waiting for the next big thing in fashion—except with more zeros in the price tag. 💪💰

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2025-07-08 00:52