Fidelity's proposed spot Solana ETF faces a delay as the SEC seeks public comments, reflecting ongoing regulatory scrutiny in the cryptocurrency market.
The U.S. Securities and Exchange Commission (SEC) has delayed its decision on Fidelity's proposed Spot Solana ETF, requesting public comments within 21 days and rebuttals within 35 days. Bloomberg ETF analyst James Seyffart noted that the delay was anticipated and suggested that interactions between the SEC and issuers should be viewed positively. Meanwhile, Solana's price is facing overhead resistance, with potential breakout levels identified at $159 and critical support at $144.