Reported Inflows Lack Official Confirmation

Farside Investors reports net inflows for a non-existent US SOL Spot ETF, raising questions about data integrity, as official sources remain silent on such listings.

The lack of verified information from official channels suggests potential misinformation, emphasizing the importance of direct verification in cryptocurrency markets to avoid misleading investor decisions.

Reported $382 Million Inflows Face Skepticism and Lack Verification

BlockBeats News announced a purported influx of $382 million into the SOL Spot ETF, with claims that included Bitwise’s BSOL receiving $3.58 billion. Nonetheless, such claims remain unverified by credible primary sources or official Solana ETF issuers like Bitwise and Grayscale.

The community reaction points to caution among investors, highlighting the absence of any verified announcement from major platforms. As Michael Sonnenshein, CEO of Grayscale, stated, “Currently, our focus remains on Bitcoin and Ethereum; any claims about Solana ETFs are unverified and unsupported by primary sources.”

Industry leaders have remained silent regarding these claims. Critical voices, including analysts and executives, stress verified disclosures, emphasizing the need for regulation and transparency in decentralized finance and ETF products.

Solana Market Trends and Expert Opinions on ETF Effects

Did you know? The alleged SOL Spot ETF inflows, if genuine, could have marked one of the shortest unverified periods of significant inflows in crypto ETF history, with Bitcoin and Ethereum ETFs showcasing a history of trailing broader crypto adoption post-listing.

Current data from CoinMarketCap shows Solana (SOL) priced at $135.95 with a market cap of $75.34 billion and a trading volume of $3.82 billion, down 3.36%. Recent volatility unveils a 42.00% decrease over 60 days, reflecting downturns connected to broader digital asset market weaknesses.

The Coincu research team suggests minimal impact on the broader market without authentic primary sources to support these ETF product claims. Historical trends show prior ETF listings impact major assets’ volatility and volume, but regulatory oversight maintains authority over validity and listing practices.