BlackRock launching a SOL ETF in first wave would be 'messed up' — Analyst

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.