Solana’s native token surged 7% to $161 following the announcement of a staking-enabled exchange-traded fund (ETF) launched by REX Shares and Osprey Funds. The rally demonstrates institutional momentum building around the cryptocurrency amid heightened trading volumes and liquidity.
The newly introduced ETF operates as a C-corporation structure, strategically avoiding lengthy SEC approval processes to accelerate market entry. This structure enables faster accessibility for investors seeking regulated exposure to Solana.
Bloomberg analysts indicate a 90% likelihood of eventual SEC approval for Solana-based ETFs, reflecting growing regulatory confidence in cryptocurrency investment vehicles. The forecast has reinforced market stability expectations across the sector.
The ETF incorporates yield-generating staking mechanisms, broadening its appeal to investors seeking passive income opportunities within the crypto ecosystem. This feature enhances both accessibility and utility for traditional finance participants.
Asset management heavyweights like Invesco and Galaxy Digital have filed similar Solana ETF proposals, signaling accelerating institutional adoption. Market observers view this trend as potentially catalyzing mainstream integration of blockchain-based assets.