BlackRock’s CIO has indicated that Solana （SOL） does not yet meet the criteria for inclusion in the company’s ETFs, focusing instead on Bitcoin and Ether due to higher client interest and investability considerations.
Points
- BlackRock’s CIO states that Solana does not currently meet the criteria for ETF inclusion.
- Client interest is primarily focused on Bitcoin and Ether.
- BlackRock’s Bitcoin and Ether ETFs have seen significant inflows.
BlackRock’s Chief Investment Officer （CIO） has made it clear that Solana （SOL） does not yet meet the criteria for inclusion in the company’s exchange-traded funds （ETFs）. The focus remains on Bitcoin and Ether, which are considered more investable and align with client interest.
BlackRock’s ETF Strategy
The CIO emphasized that both investability considerations and client feedback are crucial in determining which assets to include in their ETFs. At this time, Bitcoin and Ether meet the necessary criteria, whereas Solana, despite its recent achievements, does not.
Solana’s Market Performance
Last week, Solana managed to surpass Binance’s native BNB token by market capitalization, becoming the fourth-largest cryptocurrency. Despite this, BlackRock’s CIO noted that it would be some time before Solana could be considered for their ETFs, given the current focus on Bitcoin and Ether.
Bitcoin and Ether Lead the Way
BlackRock’s Bitcoin ETF, which debuted in January, shattered records with its success, pushing BTC prices to record highs. Earlier this month, BlackRock’s Ether ETF also went live, though it has not generated the same level of enthusiasm. Nevertheless, the launch was considered strong, with significant inflows recorded.
“So, we really look at the investability to see what meets the criteria, and meets the bar to be delivered in an ETF. And for us right now, both between invest ability considerations and also what we hear from our clients, you know, Bitcoin and Ether definitely meet that bar.”
解説
- BlackRock’s cautious approach to including Solana in their ETFs reflects the company’s stringent criteria for asset selection, prioritizing client interest and investability.
- The significant inflows into BlackRock’s Bitcoin and Ether ETFs underscore the continued dominance and investor confidence in these leading cryptocurrencies.
- Solana’s exclusion from BlackRock’s ETFs, despite its market performance, highlights the challenges newer cryptocurrencies face in gaining institutional acceptance.
- Investors should consider the long-term potential and current limitations of Solana, while also recognizing the stability and established presence of Bitcoin and Ether in institutional portfolios.
- As the cryptocurrency market evolves, ongoing developments and performance metrics will likely influence future decisions on ETF inclusions.