🚨 Emergency Solana - $SOL ETF Alert 🚨

👀 No Solana ETF for Now: Focus on Bitcoin and Ethereum ✅

BlackRock's Chief Information Officer, Samara Cohen, has made it clear that the company has no plans to launch a Solana exchange-traded fund (ETF) in the near future. This decision comes despite Solana's growing market dominance.

Instead, BlackRock is focusing on Bitcoin and Ether ETFs, with Cohen stating that these two cryptocurrencies "meet the bar" for an ETF. The company considers investability and client demand when deciding which cryptocurrencies to offer ETFs for.

Solana, however, does not currently meet BlackRock's criteria for an ETF. While other companies like VanEck and 21Shares have filed to launch Solana-based ETFs, these plans are still in the early stages.

As of July 29, 2024, BlackRock's stance on Solana ETFs remains unchanged. However, the situation may evolve in the future as the cryptocurrency market continues to grow and mature.

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