🚨 “That’s Messed Up!” Analyst Slams Idea of BlackRock Jumping Into Solana ETF at the Last Minute 🚨
BlackRock — the world’s largest asset manager — hasn’t filed for a Solana (SOL) ETF yet… but one top ETF analyst says it would be totally unfair if they swooped in at the last second and launched alongside firms that have been grinding for months.
ETF expert James Seyffart told Nate Geraci on Crypto Prime that smaller issuers like VanEck, Bitwise, Grayscale, Invesco, 21Shares, CoinShares, Canary Capital, Franklin Templeton, and Fidelity have already put in the work, navigating the SEC’s slow approval process and re-submitting paperwork for legal clarity.
💬 “These guys have spent so much time working with the SEC… That shouldn’t happen,” Seyffart said.
Could BlackRock Play the Waiting Game?
Seyffart thinks BlackRock might not even aim for a direct SOL ETF — instead, they could release a crypto index fund tracking multiple coins beyond Bitcoin (BTC) and Ethereum (ETH).
Geraci suggests they might simply wait, watch the demand for Solana ETFs, and then swoop in if the market looks hot.
⚡ But here’s the kicker: Seyffart says missing out on SOL isn’t a big loss for BlackRock anyway, since BTC and ETH still make up roughly 90% of the entire crypto market cap.
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💭 What do you think? Should BlackRock have to wait their turn, or is competition fair game in crypto ETFs? Drop your thoughts below 👇
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