SOL ETF

BlackRock

Pyth Network

<ul>
 <li>BlackRock intends to launch a Solana ETF, joining peers VanEck and 21Shares in expanding blockchain investment options.</li>
 <li>bonk distributed 50% of its total supply via a community airdrop, showcasing Solana’s community-centric tokenomics.</li>
 <li>Jupiter Exchange emerges as the leading decentralized exchange (DEX) on Solana, underscoring the blockchain’s robust infrastructure for decentralized finance (DeFi) activities.</li>
</ul>
<p>In a recent investor call on July 1st, Larry Fink, CEO of <a href="https://www.blackrock.com/corporate" target="_blank" rel="noopener noreferrer nofollow">BlackRock</a>, hinted that the firm would soon apply for a Solana Exchange-Traded Fund (ETF), in order to tap into the growing Solana ecosystem.&nbsp;</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> BlackRock is applying for <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SOL</a> ETF in July!<br><br>During a call with investors on July 1, BlackRock's CEO alluded to an upcoming Solana ETF.<br><br>Solana Summer is coming, make sure you're prepared for the next x100<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f447.png" alt="👇" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f9f5.png" alt="🧵" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/Hzs2zHEjxi" rel="noopener noreferrer nofollow">pic.twitter.com/Hzs2zHEjxi</a></p>— 0xNobler (@CryptoNobler) <a href="https://twitter.com/CryptoNobler/status/1808156932013777373?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 2, 2024</a>
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<p>BlackRock’s strategic move puts it alongside industry competitors <a href="https://cryptonewsland.com/21shares-files-for-spot-solana-etf-joining-vaneck-in-sol-investment-race/" target="_blank" rel="noopener noreferrer nofollow">VanEck and 21Shares</a>, both of which have already submitted proposals for Solana ETFs.</p>
<p>The possible approval of a Solana ETF is expected to significantly boost the SOL token’s market dynamics. The move will potentially accelerate growth not only for <a href="https://solana.com/" target="_blank" rel="noopener noreferrer nofollow">SOL</a> but also for other altcoins in the Solana ecosystem.</p>
<p>The announcement comes at an important point for the Solana blockchain, which has seen widespread adoption across a variety of sectors. Bonk, a token with a dog theme, has gained popularity after airdropping half of its supply to its community.</p>
<p>Similarly, Jupiter Exchange has emerged as a <a href="https://cryptonewsland.com/jupiter-dex-embraces-blinks-unveiling-the-future-of-decentralized-exchanges-will-jup-set-a-new-ath/" target="_blank" rel="noopener noreferrer nofollow">leading decentralized exchange</a> (DEX) on Solana, demonstrating the blockchain’s strong infrastructure for decentralized finance.</p>
<p>Furthermore, io.net, the world’s largest decentralized AI computing network, continues to facilitate scalable machine learning solutions on Solana, strengthening its technological ecosystem. Meme tokens such as dogwifcoin and ponke have gained popularity due to their playful themes, demonstrating the creative diversity of Solana’s tokenomics.</p>
<p>Pyth Network stands out as Solana’s leading oracle network, essential for real-time data feeds and price oracles. Jito additionally provides a liquid staking service, which maximizes rewards for SOL holders and promotes community engagement.</p>
<p>As BlackRock works on its ETF application, its approval will have larger implications for Solana’s ecosystem and the cryptocurrency market. Its approval will lead to a mainstream adoption of blockchain-based financial products and the price of the coins in its ecosystem.</p>
<h4 class="wp-block-heading" id="h-read-also">Read Also</h4>
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 <li><a href="https://cryptonewsland.com/blackrock-cuts-600-jobs-shifts-focus-from-esg-to-bitcoin-etf/" rel="noopener noreferrer nofollow">BlackRock Cuts 600 Jobs, Shifts Focus from ESG to Bitcoin ETF</a></li>
 <li><a href="https://cryptonewsland.com/blackrock-blk-has-lost-1-7t-of-its-clients-assets/" rel="noopener noreferrer nofollow">Blackrock $Blk Has Lost $1.7T of Its Clients’ Assets</a></li>
 <li><a href="https://cryptonewsland.com/mixed-reactions-emerge-over-blackrocks-entry-into-crypto/" rel="noopener noreferrer nofollow">Mixed Reactions Emerge Over BlackRock’s Entry into Crypto</a></li>
 <li><a href="https://cryptonewsland.com/blackrock-explores-opportunities-for-regulated-us-stablecoins/" rel="noopener noreferrer nofollow">BlackRock Explores Opportunities for Regulated US Stablecoins</a></li>
</ul>
<p>The post <a href="https://cryptonewsland.com/blackrock-signals-interest-in-sol-etf-amidst-solanas-growing-ecosystem/" rel="noopener noreferrer nofollow">BlackRock Signals Interest in SOL ETF Amidst Solana’s Growing Ecosystem</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

BlackRock Signals Interest in SOL ETF Amidst Solana’s Growing Ecosystem

Crypto News Land

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