Solana

2024

Bitcoin

In a recent interview with Bloomberg, BlackRock’s Chief Investment Officer Samara Cohen confirmed that the company does not plan to launch a Solana (SOL) ETF soon. 
Cohen explained that BlackRock’s decision hinges on the investability criteria the company applies to assets considered for ETFs.&nbsp; Currently, Bitcoin and Ethereum meet these criteria, while Solana does not.&nbsp; 
“We really look at the investability – what meets the criteria, what meets the bar to be delivered in an ETF.” <a href="https://x.com/BecauseBitcoin/status/1818326773404184644" target="_blank" data-type="link" data-id="https://x.com/BecauseBitcoin/status/1818326773404184644" rel="noreferrer noopener nofollow">She noted</a>. 
The success of BlackRock’s Bitcoin ETF, iShares Bitcoin Trust (IBIT), has been notable, with nearly $20 billion in inflows since its launch on January 11. Similarly, BlackRock’s Ethereum ETF has quickly accumulated $440 million in assets. These achievements highlight BlackRock’s focus on established cryptocurrencies with strong market positions. 
Robert Mitchnick, BlackRock’s Head of Digital Assets, also noted at Bitcoin Nashville 2024 that Solana is still far from reaching the 3% market cap threshold needed for new investible assets. Additionally, Solana does not yet have a futures market on the CME, a key factor in the approval of Bitcoin ETFs. 
Meanwhile, other asset managers are moving forward with plans for Solana. VanEck has filed for a Solana spot ETF, arguing that SOL, like Bitcoin and Ethereum, functions as a digital commodity.&nbsp; 
Franklin Templeton has also hinted at the potential for a Solana ETF, reflecting a growing interest in expanding investment options within the crypto space. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/07/29/ethereums-new-etfs-attract-2-2-billion-influencing-trading-surge/" target="_blank" rel="noreferrer noopener">Ethereum’s New ETFs Attract $2.2 Billion, Influencing Trading Surge</a> 
</blockquote>

“BlackRock Has No Immediate Plans for Solana ETF” — BlackRock’s CIO

The Crypto Times

2024년 7월 31일에 게재된 다른 기사

Starknet-based ZKX protocol shutters, blaming lack of users

Changing the Game with Breakthrough Blockchain Projects of the Upcoming Crypto Presale

Top Altcoins to Watch: XRP, DOGE, and SHIB Poised for Bullish Moves?

Ethereum Enthusiasm Skyrockets: Discover the Key Drivers Behind Its Surging Interest

Who Is Jack Mallers? Net Worth, Background & Entrepreneurial Journey of the Bitcoin OG

Doge2014 is Set to Ride the Dogecoin Wave – How High Can the Meme Coin Go?

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!