BlackRock launching a SOL ETF in first wave would be ‘messed up’ — Analyst

BlackRock hasn’t filed for a Solana ETF, but ETF analyst James Seyffart says they shouldn’t be allowed to jump in at the last minute after other issuers’ hard work.

The world’s largest asset manager, BlackRock, should not be allowed to launch a Solana exchange-traded fund (ETF) simultaneously with the US-based issuers who have already filed for one, says ETF analyst James Seyffart.

“That’s messed up,” Seyffart told NovaDius president Nate Geraci in a video published to YouTube on Saturday, discussing a hypothetical scenario where BlackRock — despite no filing so far — submits an application at the last minute for a spot Solana (SOL) ETF and launches alongside firms that applied months ago.

“That shouldn’t happen,” Seyffart said. “These smaller issuers, these guys have spent so much time working with the SEC getting the paperwork right,” he added.

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