BlackRock: Solana ETF Unlikely Due to Technical Hurdles and Market Concerns 📉
Solana has recently experienced a significant 30% increase in value, surpassing Bitcoin and Ethereum. This surge led to speculation about the potential approval of a Solana ETF. However, BlackRock's CIO for ETF and Index Investments, Samara Cohen, has stated in a Bloomberg interview that a Solana ETF is improbable. The primary reasons for this are unresolved technical challenges and market concerns. As a result, the excitement among Solana investors has been tempered by this announcement.
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