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.
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.
Calm_Voice_9791 on
Source: trust me, bro!
Taykeshi on
Analyst or paid YouTube shillfluencer
SpaceFaceMistake on
I think a $sol ETF will be great for the community I don’t see the negatives?
8 Kommentare
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.
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.
Source: trust me, bro!
Analyst or paid YouTube shillfluencer
I think a $sol ETF will be great for the community I don’t see the negatives?
https://cryptobriefing.com/blackrock-no-xrp-solana-spot-etf-plans/
Haven’t Blackrock already said that it’s not happening?
BlackRock actually publicly stated they will only focus on BTC and ETH
Bro just get on the wave and surf.