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Solana Is So Last Season and You’re Still Investing in Its Awful ETF

Crypto NewsRegulation/NegotiationRetail Investors 1 Sam Rogers August 16, 2024

An illustration of a Solana logo, surrounded by cobwebs in an abandoned store room with old computer screens displaying "Solana ETF" on them; nearby shelves are empty and dusty while Bitcoin and Ethereum logos shine brightly from across the aisle. In one corner, a solitary investor is seen walking away holding their head in despair as they glance back at the Solana logo. The background of the illustration features an eerie sunset with dark clouds looming over it. A faint image of BlackRock's logo can be spotted on a distant shelf covered by dust and cobwebs.

The eternal optimism of the cryptocurrency faithful never ceases to amuse me, as they continue to tout Solana ETFs despite all evidence pointing towards their inevitable failure

Source: cointelegraph

Solana ETFs will not see significant demand — Sygnum research head
https://cointelegraph.com/news/solana-etfs-significant-demand-sygnum-research-head
Solana exchange-traded funds (ETFs) will not see significant demand among United States investors, according to Katalin Tischhauser, head of investment research at crypto bank Sygnum. Tischhauser told Cointelegraph that “minuscule” investor flows into the Grayscale Solana Trust (GSOL) — asset manager Grayscale’s private SOL (SOL) fund — indicate weak demand for SOL investment vehicles among US wealth managers. GSOL’s assets under management (AUM) are less than $70 million, according to Grayscale. […]

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Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

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About the author

Sam Rogers

Sam’s plunge into the crypto world turned into a brutal farce when he fell for an absurdly obvious scam promising to double his investment. After being fleeced by a slick email con, Sam is left fuming and broke. His writing drips with anger and dark humor as he exposes the outrageous scams and ludicrous promises of the crypto world. His motto: “I didn’t just fall for a scam—I was sucker-punched by an entire industry. If you think crypto is a goldmine, just wait until you see how deep it can dig your grave.”

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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