Bloomberg analyst: BlackRock's simultaneous launch of Solana spot ETF with other issuers is unfair

ChainCatcher news, according to Cointelegraph, Bloomberg analyst James Seifat believes that "BlackRock launching a Solana (SOL) spot ETF simultaneously with other issuers is unfair." He explained, "In June 2024, VanEck applied for the first SOL spot ETF in the U.S., and smaller issuers like Bitwise, Grayscale, and Invesco also followed suit, having been in long discussions with the U.S. Securities and Exchange Commission (SEC) and preparing relevant documents. It is unfair for BlackRock to intervene at the last minute and launch a SOL spot ETF simultaneously."

Seifat also added, "Since Bitcoin and Ethereum account for about 90% of the cryptocurrency market value, BlackRock is more likely to launch a cryptocurrency index product that bundles various cryptocurrencies excluding Bitcoin and Ethereum, rather than applying for a SOL spot ETF."