Solana ETF with Staking to Launch July 2, Boosting Momentum for SOL Price Surge
2025-07-01 03:25:23
Main Idea
A new Solana ETF with staking rewards, set to launch on July 2, 2025, is the first of its kind in the U.S. and is structured under the 1940 Act to avoid regulatory delays, boosting SOL's price and market participation.
Key Points
1. The Solana ETF ($SSK) will include on-chain staking, allowing investors to benefit from both price movement and staking yields.
2. The fund is structured under the Investment Company Act of 1940, avoiding the lengthy 19b-4 approval process required for most crypto ETFs.
3. SOL's price surged with a 133.73% increase in trading volume, reaching $4.75 billion in 24 hours, indicating strong market participation.
4. Technical indicators like the MACD turning bullish and RSI at 55.75 suggest short-term bullish strength for SOL.
5. Support levels for SOL are at $141.66 and $150.00, with resistance at $160.00.
Description
Solana ETF launch on July 2 includes staking rewards, a first for U.S. crypto ETFs Fund’s 1940 Act structure avoids 19b-4 delays, boosting speed and regulatory appeal SOL price surges with volume up 133.73%, technicals hint at potential breakout ahead In a move that could redefine crypto investment in the U.S., a new Solana ($SOL) spot ETF from REX Shares and Osprey Funds is reportedly set to begin trading on Wednesday, July 2, 2025. The fund, expected to list under the ticker $SSK, brings a fre...
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