BlackRock’s CIO, Samara Cohen, announced that there are no plans to launch a Solana ETF, affecting investor expectations and market sentiment.
Points
- BlackRock has no immediate plans for a Solana ETF.
- Solana recently surpassed Binance’s BNB in market cap.
- Financial giants remain focused on Bitcoin and Ether ETFs.
No Solana ETF Plans
Samara Cohen, BlackRock’s chief information officer, recently stated that the financial giant has no plans to launch a Solana exchange-traded fund （ETF） in the near future. This announcement was made during an interview with Bloomberg, where Cohen emphasized that both investability considerations and client demand prioritize Bitcoin and Ether.
Cohen said, “We look at the investability to see what meets the criteria and meets the bar to be delivered in an ETF. For us right now, both between investability considerations and also what we hear from our clients, Bitcoin and Ether definitely meet that bar.”
Market Reactions
The news comes amidst Solana’s significant market achievements, including surpassing Binance’s native BNB token by market capitalization, making it the fourth-largest cryptocurrency. Despite this, BlackRock’s focus remains on Bitcoin and Ether, with no immediate plans to expand into other altcoins like Solana.
Financial experts like Matthew Sigel from VanEck suggest that this development might positively influence the approval of a Solana ETF in the future. However, Ripple CEO Brad Garlinghouse criticized the SEC’s inconsistent regulatory approach, highlighting the uncertainty surrounding crypto regulations.
Solana’s Market Performance
Solana has recently achieved its highest market dominance, reflecting its growing influence in the crypto space. BlackRock’s successful Bitcoin and Ether ETFs have set high standards, and while Solana continues to attract significant interest, it might take a while before it sees similar ETF developments.
解説
- ETF Significance: ETFs provide easier access for traditional investors, increasing a cryptocurrency’s visibility and market liquidity.
- Market Sentiment: Announcements from financial giants like BlackRock can significantly impact investor sentiment and market dynamics.
- Regulatory Landscape: Understanding the regulatory environment and its impact on crypto assets is crucial for making informed investment decisions.