Grayscale’s Zach Pandl Forecasts: Solana ETFs Poised for $5 Billion Influx
Wall Street's crypto craze just found its next target—and it's not Bitcoin.
The Solana Surge
Grayscale research head Zach Pandl drops a bombshell prediction that could reshape crypto markets. His forecast? Solana exchange-traded funds might pull in a staggering $5 billion once regulators give the green light.
That's not just pocket change—it's institutional validation for the Ethereum competitor that's been quietly building momentum while everyone obsessed over Bitcoin ETFs.
Market Transformation Ahead
We're talking about real money flowing into SOL through traditional finance channels. Pension funds, retirement accounts, your conservative uncle who still thinks crypto is for drug dealers—all potentially accessing Solana through familiar investment vehicles.
The institutional floodgates are creaking open, and Pandl's projection suggests Wall Street might be more ready for altcoin exposure than anyone anticipated.
Just remember—in finance, every 'groundbreaking prediction' comes with a healthy dose of 'we'll believe it when we see the actual money.'
Moscow rejects compromise; summit cancelled
According to the Financial Times, Rubio told TRUMP after the call that Russia was not moving an inch from its position. The administration then cancelled the summit plans.
Ukrainian President Volodymyr Zelenskiy said Ukraine is open to talks, but it will not withdraw from additional territory first.
Early in his term, Trump spoke strongly about backing Ukraine and pushing toward an end to Russia’s invasion. But over the past two weeks, his tone has changed.
When Zelenskiy visited Washington, many expected Trump to approve long‑range Tomahawk missiles for Ukraine. He did not. The change continued during Trump’s meeting with Xi Jinping.
Even though Trump had previously urged India to cut its purchases of Russian oil, he made no such demand of China, telling reporters that:- “We really didn’t discuss the oil.”
When asked about ending the war, Trump described the situation as stalled. In his own words:-
“We’re both going to work together to see if we can get something done. We agree that the sides are locked in, fighting, and sometimes you have to let them fight, I guess. Crazy. But he’s going to help us and we’re going to work together on Ukraine.”
Sanctions hit Rosneft and Lukoil, but oil shipments continue
Even with the softer talk, Trump did announce sanctions last week on Russian oil companies Lukoil and Rosneft.
Supporters of Ukraine see this as meaningful, saying it could tighten Moscow’s war financing. Both companies have already said they will sell international assets because of the sanctions.
A European official allegedly told Fox News, “The sanctions are a step of actual consequence. European troop withdrawals are expected, but the changes seem marginal. The rest is your typical Trump pendulum.”
However, new sanctions have not yet disrupted physical crude exports from Russia’s western ports. Data from LSEG shows that shipments from Primorsk, Ust‑Luga, and Novorossiisk in October are expected to total around 2.33 million barrels per day, which matches Russia’s revised plan.
But traders say pressure is rising because India and Turkey, key buyers of Urals crude, are expected to follow Western restrictions.
The U.S. has set November 21 as the deadline to wind down all dealings with Rosneft and Lukoil, but since it takes about four weeks for shipments from Baltic ports to reach Indian refineries, barrels loaded now may arrive after the cutoff, creating payment and financing issues. Also, banks may refuse to process payments, and Russian sellers do not want to be paid in rupees.
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