During a recent interview with Bloomberg's James Seyffart at Bitcoin Conference 2024, Robert Mitchnick, head of digital assets at BlackRock, expressed doubts about approving new ETFs based on altcoins such as Solana (SOL) and Ripple (XRP). According to him, assets like Solana do not even represent 3% of the total capitalization, making them less attractive for ETFs. Additionally, the SEC's cautious stance regarding ETFs offering staking services could hamper the development of new ETFs based on other cryptocurrencies, despite growing interest from institutional investors1. While these comments have sparked mixed reactions across the industry, it is clear that the integration of altcoins into ETFs remains a complex and regulation-dependent topic #SOL🔥🔥 #binance #Airdropguid #ETFs. #Trading💥💪🌟🌼
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