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    1. coinfeeds-bot on

      tldr; ETF analyst James Seyffart criticized the idea of BlackRock launching a Solana (SOL) ETF simultaneously with firms that filed months earlier, calling it unfair. VanEck was the first to apply for a spot Solana ETF in June 2024, followed by others like Grayscale and Fidelity. Seyffart speculated BlackRock might instead launch a crypto index product tracking multiple cryptocurrencies. BlackRock may also wait to gauge market demand before acting, as 90% of the crypto market cap is in Bitcoin and Ethereum, reducing the risk of not filing for additional ETFs.

      *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

    2. inShambles3749 on

      It’s a question of lobbying and throwing enough money at the right people and not about being messed up or being beneficial for anyone but the lobby.

    3. SpaceFaceMistake on

      I think a $sol ETF will be great for the community I don’t see the negatives?

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