Multicoin Capital Partner Deletes Solana ETF Tweet

Multicoin Capital’s Kyle Samani deleted a tweet about Bitwise SOL Staking ETF’s October 28 listing without explanation, as confirmed on October 28 by BlockBeats News.

The deletion raises questions about Bitwise’s Solana ETF prospects, though no market shifts or official statements have emerged, leaving industry speculation unchanged.

Solana ETF Tweet Sparks Investor Concerns

Kyle Samani deleted his tweet regarding the “Bitwise SOL Staking ETF to be listed on October 28th” without providing a reason. Multicoin Capital and Bitwise have not commented on this action, leaving the matter unresolved.

The deleted tweet has sparked uncertainty among investors interested in Solana ETFs. Although Solana remains in high demand among institutions, the unexpected silence could influence future investment strategies.

No public explanation for the deletion has been provided on his official Twitter account, Multicoin’s website, or any other primary channel. — Kyle Samani

The broader crypto community has largely remained silent, with no major figures or organizations issuing public reactions. Without new information, the market response has been minimal, displaying stability amid the uncertainty.

Solana Market Holds Steady Amidst ETF Speculation

Did you know? Crypto markets have experienced volatility with false or prematurely announced ETF listings in the past, including Bitcoin and Ethereum, impacting short-term price dynamics while long-term trends remained stable.

According to CoinMarketCap, Solana’s price currently stands at $202.57, with a market cap of $111.33 billion, accounting for 2.85% of market dominance. The trading volume over 24 hours reached $6.64 billion with a 68.72% change, and its circulating supply is 549.58 million.

The Coincu research team suggests that the absence of ETF clarity could result in market caution and heightened attention toward regulatory decisions. Investors are advised to watch for updates from Bitwise and relevant authorities to guide their strategies. This situation is reminiscent of the broader crypto market’s response to regulatory uncertainty and the need for clear guidance, as discussed by Ethereum Joseph regarding Ethereum’s roadmap.