Grayscale Solana Trust ETF (Ticker: $GSOL) offers investors direct exposure to $SOL, including its potential staking rewards.
$GSOL starts trading on @NYSE Arca tomorrow.
https://t.co/VnOJrBLbX1
People - understand that ETFs and Treasury Companies (DATS) are regulated by the 1934 securities acts which make wash trading and dollar price manipulation illegal. Same with the CME options and futures, they are regulated to prevent manipulation. This is why the approval of ETF's is so critical for digital assets. We need to remove the assets from Centralized Unregulated exchanges to regulated exchanges.
The SEC just approved generic ETF listing standards for digital assets. This week we may see $SOL and $XRP ETFs go live. The issuers will buy the assets from the CEXs and the manipulation vectors will slowly be removed. This is why October 10th happened. The writing is on the wall for the manipulators, the casinos, and the market makers they hire. They are in desperation mode and would have had to carry all those longs to perpetuity. They cannot afford that, and so they executed their "bunker busters" and took out the longs which were not liquidated by "investors" selling the asset, they were liquidated by artificial manipulation through market maker wash trading and API oracle manipulation.
This is well documented but I assure you the end game is in play for the artificial volatility in our asset class.