web3.0World Famous Fund Manager BlackRock aimed to remain focussed on Ether & Bitcoin spot ETFs products only.
BlackRock, a leading investment company which entered in the crypto sector with the launch of Bitcoin spot ETF products in January of this year, has
World renowned fund manager BlackRock (NYSE:BLK) will reportedly be remaining focussed on Ether (CRYPTO: ETH) and Bitcoin (CRYPTO: BTC) spot ETFs products only.
BlackRock, a leading investment company which entered the crypto sector with the launch of Bitcoin spot ETF products in January of this year, has announced that it is not currently planning to launch a Solana (CRYPTO: SOL) spot ETF product. Instead, the company is predicting that Ether ETFs will see strong investment inflows around 2025.
BlackRock’s clients are showing more interest in Bitcoin and Ethereum ETFs, leading to this strategic decision. However, the company has not ruled out the possibility of launching a Solana crypto ETF in the future.
This announcement by BlackRock has led to concerns among Solana cryptocurrency investors. Without a Solana ETF from BlackRock, the cryptocurrency might face a downturn in market sentiment and price. The absence of a Solana ETF could hinder its growth and adoption compared to Ethereum, which is set to benefit from BlackRock's focus.
Many crypto enthusiasts noted that while BlackRock’s decision not to pursue a Solana ETF is disappointing for Solana enthusiasts but company’s confidence in Ether ETFs signals a promising future for Ethereum. Investors will need to closely monitor these developments and adjust their strategies accordingly.
The news has already affected Solana’s market position. Investors are worried about the lack of institutional support, which could lead to a decline in Solana’s price. On the other hand, Ethereum is expected to see a boost in its market value due to the anticipated strong inflows into its ETFs.
At the time of writing, the current trading price of SOL, the native token of the Solana network, is $180. The trade price of SOL crashed nearly 2% following this bad news for Solana.
The above is the detailed content of World Famous Fund Manager BlackRock aimed to remain focussed on Ether & Bitcoin spot ETFs products only.. For more information, please follow other related articles on the PHP Chinese website!
Solana ETF Rumors Dashed as BlackRock CIO Emphasizes Bitcoin and Ethereum FocusJul 30, 2024 pm 06:43 PMIn the last two weeks, Solana has jumped 30%, outpacing both Bitcoin and ETH. Therefore, many are anticipating that this surge is coming
BlackRock Now Owns 2% of the Total Bitcoin (BTC) SupplySep 12, 2024 pm 06:43 PMThis happened eight months after the launch of its spot Bitcoin exchange-traded fund (ETF).
BlackRock's ETHA Raises $869.8M Despite Market TurmoilAug 08, 2024 am 06:20 AMBlackRock's iShares Ethereum Trust (ETHA) witnessed a substantial inflow of $109.9 million on August 6. This inflow is the highest daily influx for
BlackRock Might Launch Its Own Blockchain, Signaling a TradFi Transition Toward Decentralized SolutionsAug 15, 2024 am 12:04 AMBlackRock organizes its cryptocurrency holdings into three categories: crypto assets like Bitcoin (BTC), stablecoins like USDC, and tokenized assets
BlackRock’s BUIDL Fund Bags $11M Worth of USDC From CircleJul 28, 2024 am 03:57 AMBlackRock's BUIDL (BlackRock USD Institutional Digital Liquidity) Fund has once again captured noteworthy attention with its massive stablecoin accumulation today.
The State of Wisconsin Investment Board (SWIB) added 447,651 shares of BlackRock's iShares Bitcoin Trust (IBIT) to its investment portfolioAug 15, 2024 am 06:48 AMThe State of Wisconsin Investment Board (SWIB) added 447,651 shares of BlackRock's iShares Bitcoin Trust (IBIT) to its investment portfolio
BlackRock Pours Cold Water On Solana ETF HopesJul 31, 2024 pm 06:45 PMDespite growing rumors that the world's largest asset manager may file a spot Solana ETF (exchange-traded fund) with the US Securities and Exchange Commission (SEC)
BlackRock Unlikely to File for Spot ETFs for Solana and XRPJul 28, 2024 pm 12:06 PMBlackRock will unlikely file for spot ETFs for Solana and XRP anytime soon. This is based on BlackRock's digital assets head, Robert Mitchnick, who stated that the asset manager sees “very little interest” in crypto beyond Bitcoin and Ethereum.
Hot AI Tools
Undresser.AI Undress
AI-powered app for creating realistic nude photos
AI Clothes Remover
Online AI tool for removing clothes from photos.
Undress AI Tool
Undress images for free
Clothoff.io
AI clothes remover
AI Hentai Generator
Generate AI Hentai for free.
Hot Article
Hot Tools
DVWA
Damn Vulnerable Web App (DVWA) is a PHP/MySQL web application that is very vulnerable. Its main goals are to be an aid for security professionals to test their skills and tools in a legal environment, to help web developers better understand the process of securing web applications, and to help teachers/students teach/learn in a classroom environment Web application security. The goal of DVWA is to practice some of the most common web vulnerabilities through a simple and straightforward interface, with varying degrees of difficulty. Please note that this software
Atom editor mac version download
The most popular open source editor
Dreamweaver Mac version
Visual web development tools
PhpStorm Mac version
The latest (2018.2.1) professional PHP integrated development tool
SecLists
SecLists is the ultimate security tester's companion. It is a collection of various types of lists that are frequently used during security assessments, all in one place. SecLists helps make security testing more efficient and productive by conveniently providing all the lists a security tester might need. List types include usernames, passwords, URLs, fuzzing payloads, sensitive data patterns, web shells, and more. The tester can simply pull this repository onto a new test machine and he will have access to every type of list he needs.
