BlackRock Rejects Approval of SOL and XRP ETFs#比特币大会

On the opening day of the Bitcoin 2024 Conference, Robert Mitchnick, head of digital assets at BlackRock, dismissed the approval of Solana (SOL), Ripple (XRP), and other altcoins.

He cited lack of maturity and liquidity as the main reasons, along with regulatory concerns and the reluctance of the U.S. Securities and Exchange Commission (SEC) to approve more cryptocurrency ETFs.

Mitchnick stressed that while Bitcoin and Ethereum dominate the market with considerable market capitalization, other altcoins do not meet the necessary thresholds of liquidity and maturity required for ETF consideration.