BlackRock "Approaching the launch of spot crypto asset ETFs cautiously...depends on investor demand"

BlackRock showed a cautious stance regarding the possibility of launching spot ETFs for XRP or Solana (SOL).

Robbie Michnik, BlackRock's Global Head of Digital Assets, said in an interview with Nate Geraci, CEO of NovaDius Wealth, on the 25th (local time), "The development of new ETFs depends above all on investor demand," adding, "There must be sufficient interest from both institutions and individuals."

He added, "Market size, liquidity, maturity, and the validity of the investment thesis are important criteria," and "We also examine suitability with long-term portfolio strategies. We are still in the stage of carefully reviewing the opportunity."

BlackRock is paying attention to the potential of asset tokenization. Michnik said, "Tokenization is still in its early stages, and adoption is limited across most asset classes." He said, "However, tokenized money market funds combined with stablecoins allow investors to maintain immediate liquidity while earning full returns," emphasizing, "This is a meaningful advancement compared to the traditional financial system."