29.06.2025 20:15

Solana's price surged to $150 on Saturday, fueled by investor anticipation surrounding the imminent launch of a Solana staking exchange-traded fund (ETF). This upward momentum comes as REX Shares' SOL + Staking ETF, developed in partnership with Osprey Funds, appears poised for immediate approval from the Securities and Exchange Commission (SEC).

JPMorgan and other prominent analysts foresee substantial investment flowing into Solana ETFs, particularly given the SEC's seemingly positive stance on incorporating staking features. This positive outlook extends to future price predictions, with some experts predicting a potential surge to $500 by next year, representing a significant increase from the current level.

The anticipated launch of the ETF is projected to significantly benefit the Solana ecosystem. This positive sentiment is further amplified by the growing interest in Solana meme coins, perceived by many savvy investors as indirect, high-risk bets on SOL's future performance. For example, Snorter, a Solana-based meme coin, has garnered significant attention from crypto influencers who are predicting returns as high as 100x.

REX Shares' strategic move to file for a Solana staking ETF, providing passive income from staking rewards without the complexities of self-custody, is gaining traction. Following a letter to the SEC seeking clarification on previous comments, Andrea Magovern, Assistant Director of the SEC's Division of Investment Management, confirmed that no further comments were needed, effectively greenlighting the ETF's launch. This proactive approach appears designed to beat any competing spot Solana ETFs to market. The swift approval process highlights a potentially significant shift in the regulatory landscape surrounding cryptocurrencies.