BREAKING NEWS ‼️‼️
Robert Mitchnick, BlackRock's crypto chief, believes Solana and XRP lack maturity and liquidity for an ETF.
- He thinks only Bitcoin and Ethereum have the necessary track record and liquidity.
- Mitchnick cites regulatory concerns and SEC unwillingness to accommodate more crypto products.
- Nate Geraci, ETH Store president, disagrees with Mitchnick's views.
- Geraci points out that similar products already exist in Europe.
- He is optimistic about regulatory changes in the US that could allow for the introduction of such products.
- Mitchnick's comments come as a surprise, given the recent approval of spot Ether ETFs.
- Some believed this approval would open the door for other altcoin ETFs.
- Mitchnick highlights the SEC's unwillingness to accommodate more crypto products due to regulatory concerns.
- Regulatory changes would be needed for similar products to be introduced in the US.
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