ASTER Price Surges on False Grayscale ETF Filing Rumors
ASTER’s price jumped sharply after posts on X claimed Grayscale filed an S-1 registration for an ASTER ETF. The rumors suggested this filing would allow investors to access ASTER through a regulated fund. Traders saw this as a sign of increased credibility for the token. Following the rumors, ASTER’s trading volume rose significantly.
The token gained 17.8%, reaching $2.22. Its 24-hour trading volume hit $1.42 billion. According to CoinMarketCap, ASTER’s market cap rose to $3.69 billion. Many traders treated the rumors as confirmation of Grayscale’s ETF plans, although no verification existed.
Verification Shows No Official Filing
Checking U.S. Securities and Exchange Commission (SEC) records reveals no S-1 registration for ASTER by Grayscale. Analysts noted that without official documents, the rumors lack credibility.
Images shared online, claiming to show the filing, raised doubts. One image listed the filing date as “20255,” an impossible date for a real SEC document. Experts say these visuals appear fabricated to support the false story.
Social Media Spread and Investor Caution
The news spread unusually fast on social media. Multiple accounts posted the same message simultaneously, suggesting coordination. Grayscale has focused on other crypto trusts and has not announced any ASTER ETF plans.
Investors should exercise caution. Despite the price surge and increased trading, no official filing exists. Until Grayscale or the SEC confirms the ETF, these rumors remain unverified and speculative.
