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#SOLANAETF BlackRock launching a SOL ETF in first wave would be ‘messed up’ — Analyst BlackRock hasn’t filed for a Solana ETF, but ETF analyst James Seyffart says they shouldn’t be allowed to jump in at the last minute after other issuers’ hard work. The world’s largest asset manager, BlackRock, should not be allowed to launch a Solana exchange-traded fund (ETF) simultaneously with the US-based issuers who have already filed for one, says ETF analyst James Seyffart. “That’s messed up,” Seyffart told NovaDius president Nate Geraci in a video published to YouTube on Saturday, discussing a hypothetical scenario where BlackRock — despite no filing so far — submits an application at the last minute for a spot Solana $SOL SOL$185.55 ETF and launches alongside firms that applied months ago. The smaller firms put in all the hard work, Seyffart says, “That shouldn’t happen,” Seyffart said. “These smaller issuers, these guys have spent so much time working with the SEC getting the paperwork right,” he added. VanEck was the first US firm to apply for a spot Solana ETF in June 2024. Other Solana ETF bidders include Bitwise, Grayscale, Invesco, 21Shares, CoinShares, Canary Capital, Franklin Templeton and Fidelity Investments. Since the initial filing, the SEC has issued several delays in its approval decision and requested amended application forms to gain greater legal clarity on the proposed products. BlackRock may swoop in if demand is high: “That’s what I would do if I were BlackRock,” Seyffart said. Meanwhile, Geraci said BlackRock may be waiting for its competitors to launch other crypto products first in order to gauge market demand. “If the demand looks like it’s going to be really good, perhaps they can just swoop in,”he said. Geraci also said that if BlackRock chooses not to file, they may be “making a market call that it is just going to be Bitcoin and ETH and nothing else.” #blackRock #ETH4500Next? #etf #Binance {future}(SOLUSDT) {future}(ETHUSDT) {future}(BTCUSDT)

#SOLANAETF BlackRock launching a SOL ETF in first wave would be ‘messed up’ — Analyst

BlackRock hasn’t filed for a Solana ETF, but ETF analyst James Seyffart says they shouldn’t be allowed to jump in at the last minute after other issuers’ hard work.

The world’s largest asset manager, BlackRock, should not be allowed to launch a Solana exchange-traded fund (ETF) simultaneously with the US-based issuers who have already filed for one, says ETF analyst James Seyffart.

“That’s messed up,” Seyffart told NovaDius president Nate Geraci in a video published to YouTube on Saturday, discussing a hypothetical scenario where BlackRock — despite no filing so far — submits an application at the last minute for a spot Solana
$SOL SOL$185.55 ETF and launches alongside firms that applied months ago.

The smaller firms put in all the hard work, Seyffart says,

“That shouldn’t happen,” Seyffart said. “These smaller issuers, these guys have spent so much time working with the SEC getting the paperwork right,” he added.

VanEck was the first US firm to apply for a spot Solana ETF in June 2024. Other Solana ETF bidders include Bitwise, Grayscale, Invesco, 21Shares, CoinShares, Canary Capital, Franklin Templeton and Fidelity Investments.

Since the initial filing, the SEC has issued several delays in its approval decision and requested amended application forms to gain greater legal clarity on the proposed products.

BlackRock may swoop in if demand is high:

“That’s what I would do if I were BlackRock,” Seyffart said.
Meanwhile, Geraci said BlackRock may be waiting for its competitors to launch other crypto products first in order to gauge market demand.

“If the demand looks like it’s going to be really good, perhaps they can just swoop in,”he said.

Geraci also said that if BlackRock chooses not to file, they may be “making a market call that it is just going to be Bitcoin and ETH and nothing else.”
#blackRock #ETH4500Next? #etf #Binance

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