BlackRock Announces Bold Decision on XRP and Solana-Based ETFs
Main Idea
BlackRock has decided not to file for ETFs based on XRP or Solana following the conclusion of the Ripple-SEC case, citing insufficient market volume and demand for such products.
Key Points
1. BlackRock, the world's largest asset management company, announced it will not pursue ETFs based on XRP or Solana.
2. The decision follows the conclusion of the legal case between Ripple and the SEC, which cleared some regulatory uncertainties.
3. BlackRock emphasized the importance of sufficient market volume for ETF products, which it does not see for XRP or Solana at this time.
4. The firm had previously indicated similar investor expectations and market speculations regarding altcoin ETFs.
5. BlackRock currently offers a limited number of cryptocurrency-based products and focuses on demand-driven ETF applications.
Description
BlackRock won't file XRP or Solana ETF despite resolved Ripple case. Lack of client demand influences BlackRock's ETF application decisions. Continue Reading: BlackRock Announces Bold Decision on XRP and Solana-Based ETFs The post BlackRock Announces Bold Decision on XRP and Solana-Based ETFs appeared first on COINTURK NEWS .
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