BlackRock launching a SOL ETF in first wave would be 'messed up' — Analyst
Main Idea
ETF analyst James Seyffart criticizes the hypothetical scenario where BlackRock could launch a Solana ETF without prior filings, arguing it would be unfair to smaller firms that have done the groundwork.
Key Points
1. ETF analyst James Seyffart describes a hypothetical scenario where BlackRock launches a Solana ETF without prior filings as 'messed up'.
2. Smaller firms like VanEck, Bitwise, and Grayscale have already filed for Solana ETFs, putting in significant effort.
3. Seyffart suggests BlackRock might instead launch a crypto index focusing on Bitcoin and Ether, given their dominance in the market.
4. NovaDius president Nate Geraci speculates BlackRock may wait to gauge demand before entering the Solana ETF market.
5. Seyffart notes that even if BlackRock doesn't file for another crypto ETF, it's not a major risk since Bitcoin and Ethereum comprise 90% of the crypto market cap.
Description
BlackRock hasn’t filed for a Solana ETF, but ETF analyst James Seyffart says they shouldn’t be allowed to jump in at the last minute after other issuers’ hard work.
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