Bitcoin price again found some excuses to drop below $68,000 and moved away from $70,000. There are many reasons for the decline. Comments on the economy from the UK side. The potential for increased volume in the ETF channel to turn into sales (we will learn this after the market closes) and the upcoming Fed meeting. So, what about the situation with SOL Coin?
Solana and BlackRock
A while ago, Samara Cohen from BlackRock answered questions about cryptocurrencies, and the topic came to SOL Coin ETFs. Solana (SOL) has ETF applications from VanEck and 21Shares. The final decision will be announced in March 2025. Samara Cohen mentioned that BlackRock does not have any plans for a SOL Coin ETF in the near future. Recently, another BlackRock official said that their clients do not show much interest in assets other than BTC and ETH.
Although the door is left open for ETFs that we can call altcoin baskets in the future, we can confirm that the world’s largest asset manager currently has no plans for a SOL Coin ETF. Even though it seems like the path has been opened with the ETH ETF, BlackRock’s reluctance in this area reflects both the possibility of rejection and the potential for the SOL ETF to not see the expected interest.
