The U.S. Securities and Exchange Commission (SEC) has delayed its decision on Grayscale's proposed spot Solana ETF, extending the review period amidst heightened scrutiny on cryptocurrency-based exchange-traded funds. The SEC has up to 240 days to make a final decision, setting a deadline for October.

In addition to the Solana ETF, the SEC has also postponed decisions on other cryptocurrency ETFs, including a spot Litecoin ETF from Grayscale and a proposed rule change for in-kind creation and redemption by the iShares Bitcoin Trust. The SEC's delay on these proposals reflects ongoing regulatory considerations in the cryptocurrency market.

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