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Tag: Cools

Crypto Lead at BlackRock Cools Solana, XRP ETF Dreams

Crypto Lead at BlackRock Cools Solana, XRP ETF Dreams

Exploring the Ripple in the Pond: The Debate Over Altcoin ETFs In the ever-evolving tapestry of the cryptocurrency market, the recent buzz around the possibility of ETFs for altcoins such as Solana and XRP has certainly stirred the waters The idea of diversifying investment options in the crypto realm with exchange-traded funds (ETFs) beyond the giants of bitcoin and ethereum offers a tantalizing prospect for investors looking towards alternative digital currencies However, this potential step forward has met with skepticism from influential corners, suggesting a complex path ahead Insights from an Industry Titan At the heart of this skepticism is the perspective offered by Robert Mitchnick, the head of digital assets at BlackRock, during his appearance at the bitcoin Conference 2024 Mitchnick aired concerns over the maturity and liquidity of altcoins like Solana and XRP, which he believes are not yet ripe for the ETF market...

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