BlackRock executives remain silent on Solana ETF plans
Internet reports that although the Solana ETF application boom continues to heat up, BlackRock, the world's largest asset manager (with assets under management of US$11.6 trillion), has not yet joined the ranks. BlackRock's iShares brand currently manages the two largest spot cryptocurrency ETFs: the iShares Bitcoin Trust ETF ($55.4 billion) and the iShares Ethereum Trust ETF ($3.7 billion). When asked if BlackRock had plans to launch a Solana ETF, Rachel Aguirre, head of BlackRock's U.S. iShares product division, did not disclose specific details, saying only that the company would follow three core principles: What are customer needs? Is the investment logic valid? Is it suitable to launch as an ETF? Currently, institutions such as Franklin Templeton, Bitwise, Grayscale and 21Shares have submitted Solana ETF applications. Bloomberg analysts estimate that the probability of Solana ETF being approved by the U.S. SEC is 70%.
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