Breaking: SOL Price Spikes as First Solana ETF Goes Live
2025-07-02 14:49:05
Main Idea
The first U.S.-listed Solana ETF, the REX-Osprey Solana ETF, has launched, marking the first staking-enabled ETF in the US and causing a spike in SOL price.
Key Points
1. The REX-Osprey Solana ETF is the first staking-enabled ETF to launch in the US.
2. The SOL price reached an intraday high of $149.75 following the ETF launch.
3. The ETF avoided the traditional spot-ETF pathway by using a C corporation structure, enabling operations like staking and dividend payouts.
4. The ETF did not undergo the standard 19b-4 rule change process, leaving the Solana ETF market's regulatory resolution unclear.
Description
The first U.S.-listed Solana exchange-traded fund (ETF) has officially gone live
$SOL
$146.94
-2.53%
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