BlackRock executives remain silent on the Solana ETF plan

GateUser-6433627c · 2025-02-25T03:31:52+00:00

BlackRock's iShares, a subsidiary of the world's largest asset management company, BlackRock, has not yet disclosed whether it plans to launch a Solana ETF. Several institutions have already submitted applications for a Solana ETF, with Bloomberg analysts estimating a 70% probability of approval.

GateUser-6433627c

2025-02-25 03:31:52

Abstract generation in progress

BlackRock executives remain silent on Solana ETF plans despite the ongoing application frenzy, with the world’s largest asset management company BlackRock (managing assets of $11.6 trillion) yet to join the ranks. The iShares brand under BlackRock currently manages the two largest Spot Cryptocurrency ETFs: the iShares BTC Trust ETF ($55.4 billion) and the iShares Ethereum Trust ETF ($3.7 billion). When asked about whether BlackRock has plans to launch a Solana ETF, Rachel Aguirre, Head of BlackRock’s iShares US product department, did not reveal specific details, only stating that the company will follow three core principles: What are customer needs? Is the investment logic sound? Is it suitable for launch in ETF form? Currently, institutions such as Franklin Templeton, Bitwise, Grayscale, and 21Shares have submitted applications for the Solana ETF. Bloomberg analysts estimate a 70% chance that the Solana ETF will be approved by the SEC in the United States.

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