Solana

BlackRock

<ul class="news-points"> 
 <li>Mitchnick says Solana, XRP ETFs face liquidity and regulatory issues.</li> 
 <li>Ethereum’s dip post ETF launch triggers market caution.</li> 
 <li>VanEck, 21Shares push forward with Solana ETF filings.</li> 
</ul> 
BlackRock’s Robert Mitchnick, Head of Digital Assets, dampened expectations for Solana and XRP ETFs, citing a lack of maturity and liquidity, along with regulatory uncertainties. 
This follows Ethereum’s recent price drop after its ETF launch. However, others pointed to VanEck and 21Shares’ <a href="https://coinedition.com/solana-etf-filing-news-vaneck-and-21shares-submit-applications-to-sec/">SOL ETF filings</a>, highlighting institutional interest. 
The analyst also expressed the view that the SEC was not particularly comfortable with spot Ether ETFs offering staking facilities. He used this reasoning to suggest that an ETF for altcoins such as Solana and XRP might be far off. 
The speculation surrounding a Solana ETF was initially sparked by Franklin Templeton (<a href="https://coinedition.com/xlm-could-ride-with-bulls-as-franklin-templeton-utilizes-stellar/">FTI</a>), which praised the blockchain’s vision and accomplishments in an X post. Notably, FTI lauded the diverse activities on the SOL blockchain during Q4 2023, including developments in decentralized finance (DeFi), meme coins, and NFT innovation. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 On Solana, we see Anatoly’s vision of a single atomic state machine as a p…
 </blockquote>
 </div>
</figure>
The post <a href="https://coinedition.com/why-blackrock-doesnt-see-solana-xrp-etfs-in-the-near-future/">Why BlackRock Doesn’t See Solana, XRP ETFs in the Near Future</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Why BlackRock Doesn’t See Solana, XRP ETFs in the Near Future

Coin Edition

Andre artikler publisert på 26. juli 2024

Asia’s Growing Impact: The New Hub of Crypto

Controversial Cryptocurrency Decision by One of the World’s Top 10 Banks

Bitwise Promotes Ethereum ETF with Eye-Catching NYSE Banner

SEC Chairman Gary Gensler May Resign as Trump Readies for 2025 Presidential Term

BNB Chain Eliminates $971M BNB in 28th Quarterly Token Burn

Memecoin Market Sees Significant Growth Led by Popular Tokens

Bli med på vårt gratis nyhetsbrev for daglige kryptooppdateringer!