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Solana ETF Soars: SEC approves first US crypto staking ETF, hitting $161!

01.07.2025 07:13

Solana (SOL) experienced a significant price surge on Monday, climbing 7% to reach $161. This rally followed the confirmation that the first-ever crypto exchange-traded fund (ETF) in the US to offer staking capabilities will be backed by Solana.

Market anticipation is high, with the REX-Osprey Solana + Staking ETF poised for a potential US launch as early as Wednesday, July 2nd. This development marks a pivotal moment for the cryptocurrency and the broader digital asset landscape.

The approval of this ETF, a landmark decision, could significantly boost SOL's adoption and liquidity. It represents a crucial step forward in the integration of cryptocurrencies into traditional financial markets. The SEC's approval underlines growing acceptance of digital assets within regulated frameworks.

The impending arrival of the REX-Osprey ETF signals a potential influx of institutional investment into Solana, likely fueling further price appreciation. Analysts predict that this innovative product will attract considerable interest from both institutional and retail investors. This, in turn, is expected to contribute to enhanced price stability and market maturity for Solana.