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 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.
