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BlackRock, a leading issuer of Bitcoin and Ethereum exchange-traded funds (ETFs), has dismissed rumors that it will soon issue a similar ETF product for the currently booming Solana. Two of the company's top executives have confirmed that the asset manager has no such plans in the near future. Samara Cohen, BlackRock's CIO of ETFs and Index Investments, said on Bloomberg TV that her company would not launch such a product anytime soon. He said interest from clients and 'investability' were key factors. “Not anytime soon. We really look at investment capabilities to see what meets the criteria, meets the standards, to be made into an ETF product. For us, between the investment considerations and also what we hear from our clients, BTC and ETH meet those standards, I think it will be some time before we ultimately consider another Crypto.” Cohen said. #BlackRock #ETFvsBTC #SEC #BTC #ETH
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Russia will reportedly legalize Cryptocurrencies for settlement of international transactions if the new bill that has been drafted is passed. Anatoly Aksakov, head of the Duma's financial markets committee, told Bloomberg that under the new law, cryptocurrencies will be subject to the same regulations as foreign currencies such as the US dollar in Russia. The new bill will come into effect on September 1 if approved by President Vladimir Putin and senators in the State Duma. Russian Crypto analyst Ani Aslanyan told Bloomberg that he expects Crypto participation to remain limited to large and medium-sized companies, due to the difficulty of meeting the requirements of the new draft law. #CryptoNewss #BTC #MarketSentimentToday #CryptoDailyInsight #CryptoWatchMay2024
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Why Does That Digital Money Cost So Much?
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☄️ 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. #BlackRocks #SEC #ETFEthereum #ETFvsBTC #Xrp🔥🔥 #sol
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Major Token Unlocks in August 2024🔒 📆 August 1st: - XRP: 600 million tokens - Sui: 64 million tokens - dYdX: 8.33 million tokens - ZetaChain: 53.9 million tokens 📆 August 3rd: - Wormhole: 600 million tokens 📆 August 9th: - ImmutableX: 32.5 million tokens 📆 August 12th: - Aptos: Significant portion of APT tokens 📆 August 14th: - The Sandbox: Major unlock of SAND tokens 📆 August 20th: - Avalanche: 9.4 million tokens 📆 August (Date TBD): - Starknet and Arbitrum: Significant token unlocks #CryptoNewss #CryptoDailyInsight #MarketSentimentToday #MarketForecast #Binance
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