BlackRock Speaks on a Solana ETF: Why It May be Bad for SOL

The cryptocurrency marketplace took a notable deed Monday, with Bitcoin starring a notable decline. Among the hardest deed was Solana, which reached a 2025 low, falling beneath the $150 mark. However, things could beryllium acceptable to spell from atrocious to worse. Indeed, BlackRock has spoken up astir the prospects of a Solana ETF, and it could beryllium adjacent much atrocious quality for SOL.

The $11 trillion plus manager was 1 of the issuers down some a Bitcoin and Ethereum exchange-traded fund. The products were massively important for the plus class, with BTC yet propelling to a six-figure price, with BlackRock playing a immense role. So, however does it consciousness astir doing thing akin for Solana?

Source: Reuters

Also Read: Solana ETF Gets 70% Approval Odds: Can It Push SOL To $300?

BlackRock Breaks Silence connected a Solana ETF: Or Did They?

As galore expected, 2025 has seen the imaginable accomplishment of adjacent much crypto-based ETFs predominate discussions. Ripple has seen support for an XRP ETF get a caller timeline from the US Securities and Exchange Commission (SEC). Moreover, determination is nary shortage of asset’s that could articulation them connected a increasing list.

However, those hopes person not been capable to deter the rowing troubles facing the integer plus sector. Bitcoin has amazingly fallen beneath $90,000 with a big of assets joining it. Amid that talk, Solana has continued to fall, with caller comments from BlackRock regarding a SOL ETF perchance adding to the concern.

Source: Coins.ph

Also Read: Solana Falls 32% arsenic Experts Say One Thing Has SOL Eyeing $400

Speaking to Bloomberg, BlackRock’s US iShares Product part head, Rachel Aguirre, was hesitant to sermon its stance connected a Solana ETF. “Number one, what does the lawsuit need?” Aguirre said.

“Number two, what is the concern thesis? In the satellite of cryptocurrencies, not each currencies are the aforesaid [and] that concern thesis is imperative,” she added. “And fig three, is it thing that is suitable for an ETF wrapper? Is determination capable liquidity? Can it enactment transparency et cetera?”

Aguirre noted that the plus managers’ “principles stay the same,” irregardless of the asset. However, she besides provided small accusation connected a prospective SOL ETF and BlackRock’s involvement. The merchandise is inactive apt to person approval. Indeed, Bloomberg has fixed the merchandise a 70% complaint of being greenlit by the SEC.