Is BlackRock preparing Solana ETFs? What you need to know about the mechanism that is infecting the crypto world. ⚠️
No, BlackRock is not preparing to launch a #ETF Solana next month, as is circulating on X and also in terrible publications circulating online.
The misunderstanding is artfully created to create visualizations and is now the only artifice left in the hands of those who, unable to provide information, must rely on new fake news every day.
Returning to the fact itself: there is no rumor of this type and there is also no possibility that #BlackRock will launch a product on #Solana in such a short time.
- Futures are missing
The first problem is that there is a lack of futures that capture a significant market share and are legal in the USA. There are none at the CME and there are none at other large markets either. In the absence of this requirement it is currently unthinkable to think that SEC would approve such a product.
- Solana is cited as security in multiple lawsuits
Like those of the SEC against Coinbase and against #Binance , where the agency led by Gary Gensler indicated $SOL as an unregistered security. It doesn't matter whether or not the judges agree with the SEC in the future. The point is that for now, and in these conditions, it will be difficult to think of taking such a step.
. Are they already thinking about it?
Probably yes. However, thinking that the matter will be resolved between June and July is madness and the result of the usual vicious circle of fake news, fueled by desperate people looking for people more desperate than themselves, clearly to be exploited for their own profit.
