SEC Delays Solana Litecoin ETFs Decision

SEC Delays Solana and Litecoin ETFs; Dogecoin and BlackRock Proposals Open for Comment

• The SEC postponed its decision on Grayscale’s Solana ETF to ensure compliance with investor protection and market integrity standards.
• Public comment periods are now open for BlackRock’s Bitcoin ETF redemption model and the 21Shares Dogecoin ETF.
• The SEC extended its review of the Grayscale Solana Trust, which would trade on NYSE Arca if approved.
• A decision on the Grayscale Litecoin Trust was also delayed, pending further evaluation under the Securities Exchange Act.
• The proposed change for BlackRock’s fund involves supporting in-kind redemptions using Bitcoin directly instead of cash.

The SEC has delayed decisions on both Solana and Litecoin ETFs while opening public comments for BlackRock’s Bitcoin ETF and the 21Shares Dogecoin ETF, as it reassesses crypto product listings under new leadership.