Following the launch of Ethereum spot ETFs this week, asset manager BlackRock responded to questions about the launch of potential crypto ETFs. It has no interest in it, mentioning that its clients are mostly interested in Bitcoin (BTC).
BlackRock Won't Offer ETFs Beyond Bitcoin and Ether
BlackRock's head of digital assets Robert Mitchnick was speaking at the Bitcoin 2024 conference in Nashville yesterday. He was asked about the future of BlackRock's ETFs, particularly those coming soon.r. It seems that the asset manager has no particular plans for another ETF.because it is based on customer demand.
“I would say that our customer base to date, their interest is almost entirely in Bitcoin first, and then a little bit in ETH… There is very little interest at this point beyond those 2 assets.»
👉 Don’t miss our guide – How to buy Ethereum ETH in 2024?
Hence a conclusion: we won't see a Solana ETF or other such investment products from the world's largest asset manager :
“I don't think we'll see a long list of crypto ETFs. [par BlackRock]. »
20 € offered when you register on Bitvavo
Solana spot ETFs for the rest of the ecosystem?
Although BlackRock is not particularly enthusiastic about new ETF categories, This is not the case of everyone. Starting with VanEck: The asset manager filed for spot SOL ETFs last June. It had previously applied for spot BTC and ETH ETFs.
🌐 Read on the same subject – ETF Ethereum spot: $130 million in net outflows on the 2nd day
Solana (SOL) is the most likely candidate for other ETFsgiven the prominent place that its ecosystem has taken in recent years. But some indeed point the finger at the attitude of institutional investors, who have not yet shown any particular appetite for SOL.
There is little doubt, however, that spot SOL ETFs will exist at some point… But not for some time. Given that VanEck filed the first application last June, The Securities and Exchange Commission (SEC) is not required to respond until… March 2025By then, it is possible that a new person will be in power, and that the United States will have elected a “pro-crypto” president.Cryptoast Research: Don't Spoil This Bull Run, Surround Yourself With Experts
Source: CoinTelegraph
The #1 Crypto Newsletter 🍞
Receive a daily crypto news recap by email 👌
What you need to know about affiliate links. This page may feature investment-related assets, products, or services. Some links in this article may be affiliate links. This means that if you purchase a product or sign up for a site from this article, our partner pays us a commission. This allows us to continue to provide you with original and useful content. There is no impact on you and you can even get a bonus for using our links.
Investing in cryptocurrencies is risky. Cryptoast is not responsible for the quality of the products or services presented on this page and could not be held responsible, directly or indirectly, for any damage or loss caused following the use of a good or service highlighted in this article. Investments related to crypto-assets are risky by nature, readers must do their own research before taking any action and only invest within the limits of their financial capacities. This article does not constitute investment advice.
AMF recommendations. There is no guaranteed high return, a product with a high return potential implies a high risk. This risk-taking must be in line with your project, your investment horizon and your ability to lose part of these savings. Do not invest if you are not prepared to lose all or part of your capital.
To go further, read our Financial Situation, Media Transparency and Legal Notices pages.
A journalist at Cryptoast since 2017, I am passionate about the issues of decentralization, privacy and regulation. I specialize in traditional economics and finance, analyzing how news from this sector influences the cryptocurrency sector, offering a unique and informed perspective to Cryptoast readers.
Marine Debelloir
3068 articles
