Bitcoin was the leading cryptocurrency to take a significant hit on Monday. Solana reached an all-time low of a 2025 low, Falling below $150 Things could get worse. BlackRock is speaking out on the potential of an ETF for Solana, which could spell even worse bad news.
One of the companies behind an exchange-traded Bitcoin fund and Ethereum ETF was the $11 trillion asset management firm. Both products had a huge impact on the asset class. BTC eventually soared to six-figure prices. BlackRock Playing a major role. How would you feel if we did something similar with Solana’s case?
Please Read This: Solana ETF Gets 70% Approval Odds: Can It Push SOL To $300?
BlackRock breaks its silence on the Solana ETF – Or did they?
Many predicted that 2025 would see the introduction of more cryptocurrency-based ETFs. Ripple is now approved as an ETF. XRP ETF Get a timeline from US Securities and Exchange Commission. Moreover, there is no shortage of asset’s that could join them on a growing list.
These hopes, however, haven’t been enough to halt the current problems facing the sector of digital assets. Bitcoin is now below $90,000. A number of other assets have also fallen. Solana continued to decline amid this talk. BlackRock’s recent remarks about an SOL ETF may have added to concerns.
Please Read This: Solana Falls 32% as Experts Say One Thing Has SOL Eyeing $400
Talking to Bloomberg, BlackRock’s US iShares Product division head, Rachel Aguirre, was hesitant to discuss its stance on a Solana ETF. “Number one, what does the client need?” Aguirre said.
“Number two, what is the investment thesis? In the world of cryptocurrencies, not all currencies are the same [and] that investment thesis is imperative,”She said. “And number three, is it something that is suitable for an ETF wrapper? Is there sufficient liquidity? Can it support transparency et cetera?”
Aguirre noted that the asset managers’ “principles remain the same,”Irrespective of the asset. However, she also provided little information on a prospective SOL ETF and BlackRock’s involvement. This product still has a good chance of being approved. Bloomberg gives the product 70% chance of getting approved by the SEC.
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Source: watcher.guru
