☄️ BlackRock Doubts the Approval of Solana and XRP ETFs
🔴 BlackRock’s head of digital assets, Robert Mitchnick, has cast doubt on the approval of ETFs for altcoins like Solana (SOL) and Ripple (XRP). Despite the recent approval of an ether ETF, Mitchnick believes that the dominance of Bitcoin and Ether in market capitalization makes other altcoins less attractive for ETF inclusion.
ℹ️ This has sparked mixed reactions, with some industry experts, like Nate Geraci, highlighting successful ETF-like products in Europe.
The future of altcoin ETFs remains uncertain, reflecting ongoing regulatory challenges and differing industry perspectives.
