On July 1, 2025, the cryptocurrency market is anticipating the launch of the REX-Osprey Solana Staking ETF, set to go live on July 2, 2025. This ETF aims to provide investors with exposure to Solana's price movements and staking rewards. This development marks a significant step in the evolution of crypto investment options. (Source: Reuters, June 13, 2025)
The ETF will track Solana's market performance and offer yield through on-chain staking. This structure is designed to attract a wider investor base seeking regulated access to Solana while generating passive income. The broader market has seen over 70 crypto ETF filings awaiting approval from the U.S. SEC in 2025. (Source: Reuters, June 13, 2025)
As of July 1, 2025, SOL is trading at $153.93, with an intraday high of $158.53 and a low of $149.60. The market is closely watching the ETF launch, expecting it to impact SOL's price and the broader cryptocurrency market. This launch signifies a pivotal moment for Solana, offering a new way for investors to engage with the network's growth. (Source: Reuters, June 13, 2025)