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Government shutdown throws timeline on potential Solana ETF approvals into limbo

1. SEC's ETF approval for Solana delayed by government shutdown. 2. Major firms like Fidelity filed for Solana ETFs. 3. Previous ETF gains might be reversed due to uncertainty. 4. Future approvals may reduce listing time for crypto ETFs. 5. Solana's price fell 7.9% amid market uncertainty.

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FAQ

Why Bearish?

The prolonged uncertainty surrounding SEC decisions likely dampens demand for SOLUSD, reminiscent of past ETF delays impacting cryptocurrency markets negatively.

How important is it?

The outcome of ETF applications heavily influences investor sentiment and SOLUSD's market demand.

Why Short Term?

The immediate repercussions are evident due to market reactions, but potential rebounds could occur post-approval.

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