Summary
- It reported that the industry expressed doubts about BlackRock's passive approach to the spot altcoin ETF market beyond Bitcoin.
- Naiteu Jerasi Novadiusuwelseu chairman said it is not reasonable that BlackRock is ceding Solana and other altcoin ETFs to competitors.
- It said Bitwise and Fidelity are showing moves to preempt the market with a staking-enabled Solana spot ETF.
Global asset manager BlackRock's reluctance to enter the spot altcoin ETF market excluding Bitcoin (BTC) has raised questions in the industry.
On the 30th (local time) Naiteu Jerasi Novadiusuwelseu chairman said on his X, "I still don't understand that BlackRock is ceding spot altcoin ETFs including Solana (SOL) to competitors," adding, "I find it hard to find a rational reason from a business perspective."
He added, "As a result, it has become an opportunity for crypto-native ETF issuers." Meanwhile, Bitwise and Fidelity are each pushing to launch a staking-enabled Solana spot ETF and are competing to secure market position.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
!['Easy money is over' as Trump pick triggers turmoil…Bitcoin tumbles too [Bin Nansa’s Wall Street, No Gaps]](https://media.bloomingbit.io/PROD/news/c5552397-3200-4794-a27b-2fabde64d4e2.webp?w=250)
![[Market] Bitcoin falls below $82,000...$320 million liquidated over the past hour](https://media.bloomingbit.io/PROD/news/93660260-0bc7-402a-bf2a-b4a42b9388aa.webp?w=250)
