The cryptocurrency market won a notable hit on Monday, with Bitcoin leading the notable decline. Among the most intense hits were Solana, reaching its 2025 low and below $150. But things can be set to get worse from bad. Certainly, BlackRock is talking about the outlook for Solana ETF, which could be even worse news for Sol.
The $11 trillion asset manager was one of the issuers of both the funds trading on Bitcoin and Ethereum exchanges. This product was extremely important for the asset class, with BTC ultimately driving six-figure prices, with BlackRock playing a major role. So, how do you feel about doing something similar for Solana?
Also Read: Solana ETF Gets 70% Approval Odds: Can I Push Sol into $300?
BlackRock breaks the silence with the Solana ETF: Or did they do it?
As many people expected, in 2025, we found that even more crypto-based ETFs could dominate the debate. Ripple has obtained a new timeline from the US Securities and Exchange Commission (SEC) after seeing the approval of the XRP ETF. Plus, there’s no shortage of assets to join the growing list.
However, these hopes were not sufficient to thwart the row problems facing the digital asset sector. Bitcoin is surprisingly below $90,000, with many assets participating. In that story, Solana continues to collapse, and recent comments from BlackRock about the Sol ETF may potentially add to concern.
Also Read: Solana Falls 32% of experts say one thing is witnessing $400
Speaking to Bloomberg, Rachel Aguirre, head of BlackRock’s US Ishares products division, was hesitant to discuss his attitude towards the Solana ETF. “Number 1, what do clients need?” Aguirre said.
“Second, what is the investment paper? In the cryptocurrency world, not all currencies are essential for investment papers (and),” she added. “And third, is it suitable for ETF wrappers? Is there enough liquidity? Can you support transparency and more?”
Aguirre noted that “principles remain the same” for asset managers, regardless of assets. However, she also provided little information about the future involvement of Sol ETF and BlackRock. Products may still be approved. In fact, Bloomberg gave the product a 70% rate of green light by the SEC.
(TagStoTRASSLATE) BlackRock (T) ETF (T) Solana
