SEC Delay Spot Solana ETF, Demand Clear Disclosures
On July 7, di SEC for America delay dia decision on Fidelity dem proposed Solana ETF and open public comment period. Regulatah ask dem wey dey issue make dem refile dia papers by late July with clear risk disclosures and custody details. Bloomberg analyst talk say delay dey 'cause spot altcoin ETF guidelines no dey. Under new rule dem, asset managers suppose talk risk and custody model for simple language to protect investors. This one happen after Solana-focused ETFs draw $78 million inflows in the past month. From July 2, SSK don raise $41 million, while SOLT and SOLZ don gather $69 million and $23 million for this year. REX Financial and Osprey Funds still launch REX-Osprey Sol + Staking ETF wey dey give indirect Solana exposure plus staking rewards. For front, SEC fit reform fit reduce ETF review time from over 200 days go around 75 days. Traders suppose dey watch these regulatory moves, check Solana ETF risk disclosure and custody setup, plus consider how e fit affect SOL price and trading liquidity.
Bearish
SEC decision to delay approval of Fidelity spot Solana ETF dey introduce short-term regulatory wahala for SOL. Traders fit hold back to move capital until public comment period finish and new disclosure rules clear. This pause fit reduce immediate buying pressure on SOL. But strong money wey dey enter existing Solana-focused ETFs (SSK, SOLT, SOLZ) and the launch of REX-Osprey Sol + Staking ETF show say investors still dey interested. Plus, proposals to shorten ETF review time and coming reforms fit boost long-term demand. Overall, the delay dey put bearish pressure on SOL short-term, but outlook still cautiously optimistic for long-term.