BlackRock is once again interested in crypto. And, as always, in their manner, not to stand in line, but to come in through the back door and take the best spot.
In the world of cryptocurrency, there is currently a quiet but fierce battle for the right to launch the first ETF on Solana. Small, proud companies like VanEck, Bitwise, Grayscale, 21Shares, and a whole crowd that the SEC keeps on a short leash have been dragging documents to the Commission for months, rewriting them, resubmitting, and rewriting again. They are like students at an exam, trying to guess what the strict professor wants.
And here on the horizon looms BlackRock. The very company that manages assets of nearly ten trillion dollars. The one that can, with a single wave of its hand, lift or crash an entire market. And analysts like James Seyffart are sounding the alarm: 'Hey! This isn’t fair. These guys haven’t even broken a sweat while we’ve been fighting bloody with the SEC!'
Imagine: you are building a house, brick by brick, and on the day of completion, a neighbor comes with a golden credit card, smiles, and says: 'Nice mansion. Now this is my office.' That’s exactly what everyone fears.
But BlackRock is still playing mysterious. Perhaps they are not planning to get into Solana at all. Maybe they are waiting for competitors to launch a product, test the market… and then, like an experienced shark, simply eat the lunch of the small fish.
Or maybe they really will miss out. Because 90% of the entire cryptocurrency capitalization is held in Bitcoin and Ethereum. For them, Solana is like a good local pizzeria: tasty, sure, but you understand, McDonald's is not in a hurry to go there.
But here’s the irony: if BlackRock ultimately comes in, the public will still rush to them. Because 'BlackRock' on the label sounds to investors like 'safe and solid.' And all these small issuers fighting for the right to be first? Well… they will just become a footnote in history.
So, don’t be surprised if in a year we turn on the news and hear: 'BlackRock launches the world’s first Solana ETF, demand is insane.' And everyone will forget that the real pioneers have been camping at the SEC’s door for six months.
