Fidelity’s Sol ETF application is stuck in the SEC gear-what the authority wants to achieve
- Fidelitys Sol ETF application goes into the extended SEC exam because the public comment phase begins.
- Pump.fun announced the public sale of his pump token on Gate.io worth six billion dollars for July 12.
Fidelity’s efforts to put on a Solana ETF were put on hold again. The US stock exchange supervision SEC has the examination of the Entered via the Chicago Stock Exchange BZX Application formally opened and The mandatory procedure for public statements initiated. The SEC procedure includes a 21-day period for public statements and a 35-day period for counter-arguments.
While delays were a typical course for altcoin ETFs, this is stuck due to the increase Activity in regulation out .
MORE delays. @Fidelity‘s Solana ETF filing was just delayed as expected.
We’re still waiting for some sort of movement from the SEC on a generalized digital asset ETP framework. pic.twitter.com/8m2DSdHJYV
— James Seyffart (@JSeyff) July 7, 2025
Recently has die SEC Your first special comment on crypto -based ETFshanded over. New guidelines require the fund maker A clear representation of the risk structures and the investment frame.
Although this belongs to the measures that increase transparency and possibly accelerate the permits, he has not yet contributed to accelerating decisions about products such as the Solana ETF from Fidelity.
Despite delays, hybrid ETF models gain traction
In response to the current back New ETFs in the Center of the Interests. Companies such as Rex Financial and Osprey Funds have introduced a hybrid product, the Rex-Osprey Sol Staking ETF.
It offers indirect engagement in Solana and integrates staking returns, which means that some of the boundable factors this Spot-ETFs avoid .
In the meantime considered The sec too Reforms that the ETF examination times of far shorten over 200 days to 75 days would. If this plan becomes law, this would probably be a turning point for crypto -based products. Until then Remain old coin ETFs like that of Fidelity however In place in a lengthy evaluation loop.
The gradual strategy of the SEC reflects Your own Ideas of Market fluctuations and investor protection wider. It is a message to the industry: structure and clarity must precede growth.
Institutions that want to gain access to old coins such as Solana show increased interest in non-traditional paths, including funds with stock participation and indirect ETFs.
Pump token for six billion dollars start sales
While the ETF stumbles from Fidelity, brews himself In the Solana networkAnother massive development together. Pump.fun, a meme coin launchpad on Solana, will From July 12th his own token, pump, on Gate.io introduce.
The 72-hour token sale is said to include 150 billion pump tokens, 15% of the offer that 0,04 Dollar pro Token costs. If the drawing is complete, the sale could bring in up to six billion dollars.
Pump.fun is a pioneer in the Defi scene from Solana and enablesTo shape and act memecoins with minimal technical knowledge. The platform has since started at the beginning of 2024 total sales of $ 700 million achievedwhereby the turnover a only day one High -$ seven million.
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