🎉 #Gate xStocks Trading Share# Posting Event Is Ongoing!
📝 Share your trading experience on Gate Square to unlock $1,000 rewards!
🎁 5 top Square creators * $100 Futures Voucher
🎉 Share your post on X – Top 10 posts by views * extra $50
How to Participate:
1️⃣ Follow Gate_Square
2️⃣ Make an original post (at least 20 words) with #Gate xStocks Trading Share#
3️⃣ If you share on Twitter, submit post link here: https://www.gate.com/questionnaire/6854
Note: You may submit the form multiple times. More posts, higher chances to win!
📅 End at: July 9, 16:00 UTC
Show off your trading on Gate Squ
Breaking: Fidelity's Solana ETF Delayed by SEC
The U.S. Securities and Exchange Commission (SEC) has delayed the approval of a spot exchange-traded fund (ETF) for Solana (SOL) that was proposed by Boston-based mutual fund giant Fidelity.
Fidelity officially filed its S‑1 registration statement with the agency for a spot-based Solana ETF on June 13, joining a long list of other hopefuls
The most recent delay was expected, according to Bloomberg
Recently, REX‑Osprey successfully rolled out a staking-enabled Solana ETF via an unorthodox structure that sidesteps the usual approval process for spot ETFs
There was some controversy about whether or not it could actually count as a spot-based product, with Polymarket eventually weighing in on the matter
As reported by U.Today, spot Solana ETFs are likely to be approved before other offerings based on a recent report by Reuters
However, this might not happen until fall since the agency is working on its new guidance that aims to streamline the process of approving new ETF products