As a seasoned researcher with a strong background in the financial industry and a keen interest in the rapidly evolving world of cryptocurrencies, I find BlackRock’s decision not to launch a Solana exchange-traded fund (ETF) in the near future intriguing. Having closely followed the crypto market and the moves of major players like BlackRock, I have witnessed firsthand their meticulous approach towards selecting investable assets for their ETF offerings based on criteria such as investability and client demand.
Samara Cohen, BlackRock’s top information executive, shared with Bloomberg that it was unlikely for BlackRock to introduce a Solana-based exchange-traded fund (ETF) in the coming days.
Cohen stated in response to the question regarding potential new altcoin ETFs, “Indeed, we scrutinize investability to determine what aligns with our standards and exceeds expectations. At this moment, Bitcoin and Ether clearly meet that threshold, both based on our investment considerations and feedback from our clients.”
The Chief Investment Officer of BlackRock indicated that it would take some time before the company unveiled any new offerings for investors.
According to U.Today’s report, financial titan VanEck and crypto firm 21Shares have filed proposals for Solana-based ETFs. However, many industry experts are skeptical about these plans being realized, with a general consensus that such products may not receive approval until 2024 or beyond.
Last week, Solana’s market value surpassed that of Binance Coin (BNB), making it the cryptocurrency with the fourth largest market capitalization.
As a crypto investor, I’m thrilled to share that my choice to invest with BlackRock’s Bitcoin ETF, launched in January, has proven to be a smart move. With an influx of competitive products hitting the market since then, it’s clear that BlackRock has set new standards in the industry.
Recently, an Ether exchange-traded fund (ETF) of ours became available, yet it hasn’t sparked the same degree of excitement as we had anticipated. Despite this, Cohen expressed satisfaction with the debut, referring to it as “robust.”
On July 26, BlackRock’s ETHA saw $87 million worth of inflows.
Read More
- USD PHP PREDICTION
- SOL PREDICTION. SOL cryptocurrency
- BTC PREDICTION. BTC cryptocurrency
- USD COP PREDICTION
- TON PREDICTION. TON cryptocurrency
- Strongest Magic Types In Fairy Tail
- ADA PREDICTION. ADA cryptocurrency
- EUR AUD PREDICTION
- GBP USD PREDICTION
- THL PREDICTION. THL cryptocurrency
2024-07-29 23:14