SEC Hits Pause on Solana ETF Approval—Cites ’Market Integrity Risks’

Regulators kick the can down the crypto road—again. The SEC delayed its verdict on multiple Solana ETF applications today, flagging concerns about potential market manipulation in SOL’s relatively thin liquidity pools. Wall Street’s favorite excuse for inaction strikes once more.

Behind the bureaucratic curtain: While Bitcoin and Ethereum ETFs now trade freely, altcoins face an uphill battle for institutional acceptance. The SEC’s move suggests SOL—despite its DeFi dominance—still can’t shake the ’wild west’ stigma haunting smaller-cap tokens.

Silver lining? Every delay inches Solana closer to the regulatory scrutiny finish line. Traders might grumble today, but this could force exchanges to bolster surveillance—giving the SEC fewer excuses next time. Just don’t hold your breath for approval before 2026.