Analyst: BlackRock launching Solana spot ETF simultaneously with other issuers is unfair

Golden Finance reports that Bloomberg analyst James Seifat believes, "BlackRock launching the Solana (SOL) spot ETF simultaneously with other issuers is unfair." He explained, "In June 2024, VanEck applied for the first SOL spot ETF in the U.S., and smaller issuers like Bitwise, Grayscale, and Invesco followed suit, having been in long discussions with the U.S. Securities and Exchange Commission (SEC) and preparing related documents. BlackRock's last-minute intervention to launch the SOL spot ETF at the same time is unfair." Seifat also added, "Since Bitcoin and Ethereum account for about 90% of the cryptocurrency market value, BlackRock is more likely to launch a cryptocurrency index product bundling various cryptocurrencies other than Bitcoin and Ethereum, rather than applying for the SOL spot ETF."