SEC DELAYS SOLANA AND DOGECOIN ETF PROPOSALS
The SEC has delayed its decision on in-kind redemptions for BlackRock's Bitcoin ETF and is soliciting public comments on amendments to its creation and redemption process. Previously, the agency had preferred a cash-only model requiring the immediate sale of bitcoin upon redemption. Concurrently, the SEC postponed proposals for the Grayscale Litecoin and Solana Trusts and opened comment periods for the 21Shares Dogecoin ETF.