BlackRock No Go For XRP & Solana Spot ETFs Because Demand No High
BlackRock don confirm say dem no go file for spot XRP ETF or Solana (SOL) ETF after the Ripple-SEC settlement. One spokesperson talk to The Block say those altcoin ETFs no dey their roadmap because customer demand limited and eligibility rules tight. This one make BlackRock focus remain on their current spot Bitcoin (BTC) and Ethereum (ETH) ETFs for US. Top people like Head of Digital Assets Robert Mitchnick and CIO Samara Cohen talk about wahala like regulatory criteria, liquidity requirements and investor profiles wey make am hard for spot XRP ETF or Solana ETF to happen. Bloomberg analyst Eric Balchunas add say to expand beyond BTC and ETH fit no too benefit fund providers again. Even though SEC dey still check different altcoin ETF proposals, no support from big asset managers like BlackRock reduce short term catalysts for XRP and SOL. Traders suppose sabi say no XRP or SOL ETF fit make price no too rise but e fit reduce volatility, so make dem dey watch regulatory developments and other ETF filings for future.
Bearish
By no allow spot XRP and Solana ETFs, BlackRock don remove big source wey fit bring money and demand enter these altcoins, e weak the chance wey dem get to rise. For short time, dis neutral position fit reduce how market dey shake but e go limit how people go buy. For long run, as BlackRock no get ETF wey support XRP and SOL, dem go dey less favored compared to Bitcoin and Ethereum funds, e fit affect how their price go perform until other ETF dem approve or market driver come up.