Solana

2024

BlackRock

<ul class="news-points"> 
 <li><strong>Solana plunged 7.5% in the last 24 hours amid “No ETF” comments.</strong></li> 
 <li><strong>BlackRock’s CIO said the firm will not launch a Solana ETF soon.</strong></li> 
 <li><strong>SOL returned below $190, showing signs of a trend reversal.</strong></li> 
</ul> 
<p>Solana (SOL) reversed its uptrend in the last 24 hours after BlackRock, the leading American multinational investment company, confirmed it will not launch a Solana exchange-traded fund (ETF) in the near future. BlackRock’s CIO of ETF and Index Investments, Samara Cohen, confirmed this during a Bloomberg interview on July 29.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">BlackRock CIO of ETF and Index Investments Samara Cohen discusses the iShares Ethereum Trust ETF (ETHA) and expects we'll see allocation of crypto ETFs in model portfolios by the end of this year and into 2025 <a href="https://t.co/5UOLwIRWHL" target="_blank" rel="nofollow">https://t.co/5UOLwIRWHL</a> <a href="https://t.co/rYqpym7Wqg" target="_blank" rel="nofollow">pic.twitter.com/rYqpym7Wqg</a></p>— Bloomberg Crypto (@crypto) <a href="https://twitter.com/crypto/status/1818028138862981143?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">July 29, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>Cohen noted her company’s current lack of interest in a Solana ETF, despite projecting an increase in the allocation of crypto ETFs in model portfolios by the end of this year and into 2025.</p> 
<p>Notably, Cohen’s comments triggered a selloff in the Solana market, which saw the surging crypto halt its upward movement and immediately reverse. SO…</p>
<p>The post <a href="https://coinedition.com/solana-dips-7-5-after-blackrock-rules-out-immediate-etf-launch/">Solana Dips 7.5% After BlackRock Rules Out Immediate ETF Launch</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Solana Dips 7.5% After BlackRock Rules Out Immediate ETF Launch

Coin Edition

Other articles published on Jul 30, 2024

Binance Labs Unveils First Batch of Projects in Season 7 Incubation Program

How the right platform can transform your crypto experience

Ethereum ETFs Debut Strongly: BlackRock and Bitwise Lead with $470.5M Combined Inflows

New Solana Memecoin Trump Fired Biden (TRUMPBID) Will Surge Over 18,000%, While SHIB and DOGE Und...

Can Immutable Price Align With Market Trends Or Continue To Lag?

Whales Dump ADA and BONK For AI Integrated Meme Coin Raboo Positioned To Rank Top 20

Join our free newsletter for daily crypto updates!