📢 BlackRock & the Solana ETF Debate: Fair Play or Last-Minute Power Move?

[lingriiddd]

ETF analyst James Seyffart says it would be “messed up” if BlackRock — without having filed yet — suddenly launched a spot Solana (SOL) ETF at the same time as smaller issuers who’ve been working on it for months.
Who’s Already in the Race?

First filer: VanEck (June 2024)

Others: Bitwise, Grayscale, Invesco, 21Shares, CoinShares, Canary Capital, Franklin Templeton, Fidelity

These firms have been wrestling with SEC paperwork, delays, and amendment requests to get approval. Seyffart says they’ve “done the hard work” and shouldn’t be overshadowed by a latecomer.
What BlackRock Might Do

Option 1: Wait, then swoop in with a SOL ETF if demand looks strong

Option 2: Skip SOL entirely and launch a multi-crypto index fund beyond BTC & ETH

Option 3: Stick with just Bitcoin & Ethereum ETFs — which already cover ~90% of the crypto market cap

Analyst Takeaways

Seyffart: Demand for crypto index products could be big

Geraci: BlackRock could be waiting to see if Solana ETFs actually take off before committing

#Solana #ETF #BlackRock #CryptoInvesting #Bitcoin #Ethereum #Altcoins #CryptoNews

[Maxwell]

Interesting take — VanEck and others definitely deserve credit for paving the way on SOL ETFs

[Nahiar806]

BlackRock playing the wait-and-see game makes sense, but launching late and stealing the spotlight would be controversial

[rafihasan]

A multi-crypto index fund from BlackRock could be huge — would capture SOL exposure without direct competition