ChainCatcher news, according to Cointelegraph, Bloomberg analyst James Seifat believes that 'it is unfair for BlackRock to launch the Solana (SOL) spot ETF simultaneously with other issuers.' He explained, 'In June 2024, VanEck applied for the first spot ETF for SOL in the U.S., and smaller issuers like Bitwise, Grayscale, and Invesco have also followed suit, having previously engaged in long-term discussions with the U.S. Securities and Exchange Commission (SEC) and prepared relevant documents. It is unfair for BlackRock to intervene at the last moment and launch the SOL spot ETF simultaneously.'
Seifat also added, 'Given that Bitcoin and Ethereum account for about 90% of the cryptocurrency market value, BlackRock is more likely to launch a cryptocurrency index product that bundles various cryptocurrencies other than Bitcoin and Ethereum, rather than applying for the SOL spot ETF.'
