BlackRock executive: In the short term, there will only be Bitcoin and Ethereum ETFs! Hard to look forward to SOL ETF

This site (120bTC.coM): According to a senior executive of BlackRock ETF fund, in the short term, the only cryptocurrencies that can be traded through ETFs are Bitcoin and Ethereum.

Samara Cohen, Chief Investment Officer of BlackRock ETFs and Index Investments, said in an interview with "Bloomberg TV" that although Bitcoin and Ethereum have reached the company's minimum expectations for ETFs, so far, no other cryptocurrencies can achieve it. Same level.

Samara Cohen also said that when it comes to bringing new cryptocurrency ETFs to the market, it is technically difficult, and market interest in other cryptocurrency ETFs has not yet appeared, especially Solana, which the currency circle is looking forward to. ETF. She pointed out: We focus on investability and observe those that meet the standards for launching an ETF and those that meet the restrictions. To us, both in terms of being investable and what we're hearing from our customers, Bitcoin and Ethereum definitely meet that criteria, and it's going to be some time before other cryptocurrencies see that.

Following the successful launch of the Ethereum spot ETF last week, the cryptocurrency fund’s weekly trading volume reached its highest level since May, surpassing $14.8 billion. The market speculates, how will it evolve next?

Some people believe that Solana is most likely to become the latest cryptocurrency ETF, because fund operators VanEck and 21Shares have successively applied to launch Solana ETF in the United States. Many are bullish on Solana (SOL) because it is seen as a faster and cheaper alternative to Ethereum.

Fund management company Franklin Templeton described Solana as “a major development that we believe will drive the cryptocurrency space forward.” This also makes the market optimistic that Solana will become the next cryptocurrency to be launched as an ETF.

However, there is currently no Solana futures on the CME Group, but Bitcoin futures and Ethereum futures have been on the market for a long time, so the "no Solana futures" is also considered to be approved by the U.S. Securities and Exchange Commission (SEC) A big headwind for the Solana ETF.

According to data from CoinGecko, Solana accounts for about 3% of the entire cryptocurrency market, with a market value of US$82 billion.

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