BlackRock Solana ETF Plan Dey Spark Debate on Fairness
BlackRock dem propose Solana ETF don start debate for market faireness. ETF analyst James Seyffart talk say if dem come late e fit spoil small ETF companies like VanEck, Bitwise, Grayscale and Fidelity wey prepare their SEC application months before. SEC don delay Solana ETF approval and dem ask for amendment, e make regulatory review last longer. If demand for standalone Solana ETF weak, BlackRock fit change to bigger crypto index product wey cover many assets. NovaDius president Nate Geraci talk say BlackRock dey watch competitors and fit join once market appetite clear. Since Bitcoin and Ethereum make about 90% of crypto market cap, traders see this as neutral development for Solana ETF prospects while e also show competition, regulatory delay dem and product strategy for crypto ETF sector wey dey grow.
Neutral
Di likely say dis news go make big price waka for SOL for short time, becos SEC delay and fairness wahala don already dey for traders mind. Even though BlackRock enter fit later boost Solana ETF chance, dem fit change mind to wider crypto index product, wey mean say no sure say Solana ETF go sure. For long run, if more people start to use crypto index funds, e fit help market generally, but how regulators dey and competition matter dey show say things balance. Overall, traders dey see dis as neutral wahala, no clear sign say SOL go rise or fall.