30.06.2025 18:45

Solana's price surged past $160, fueled by a confluence of positive developments. The imminent launch of the Rex-Osprey Solana ETF, offering both exposure to SOL and staking rewards, was a primary catalyst for this rapid price increase. This innovative ETF, poised to be the first of its kind in the US market, has generated significant excitement among investors.

News of the ETF's impending launch, initially predicted by Bloomberg analyst James Seyffart, received official confirmation from Rex Shares, triggering a nearly vertical market rally. While the SEC previously delayed the ETF's approval, the high probability of approval, reflected in market predictions exceeding 95% on platforms like Polymarket, clearly contributed to investor confidence. The ETF’s anticipated arrival, as early as Wednesday, promises a new era of yield-generating investment opportunities for US-based investors.


Adding further momentum to the price rise was the reinstatement of Solana staking on Robinhood for US customers. Responding to considerable user demand, Robinhood expanded its crypto services to include SOL staking, alongside ETH, providing US-based users with another avenue for passive income generation. This move by Robinhood, a major player in the retail investing space, significantly broadened access to SOL staking, amplifying the overall positive market sentiment.

The combination of the groundbreaking Rex-Osprey Solana ETF and expanded access to staking through Robinhood created a perfect storm, resulting in a rapid and substantial increase in the price of Solana. This surge highlights the growing interest in Solana and the potential impact of innovative financial products designed to enhance accessibility and yield for cryptocurrency investors.