First Solana ETF to Hit the Market This Week; SOL Price Jumps 5%
Solana SOL jumped about 5% Monday morning amid rumors that a SOL Staking exchange-trade fund (ETF) by Rex Shares and Osprey Funds could start trading on the market as soon as Wednesday.
The token later fell back slightly, now trading up about 2.3% over the past 24 hours at $157 at press time.
A spokesperson for Osprey confirmed to CoinDesk that the "fund will launch Wednesday," following a post on X by the automated headline account "Unfolded."
Just last week, Rex filed a letter with the Securities and Exchange Commission (SEC) asking whether comments had been resolved for their filing. Later that day, the asset manager posted on X that the ETF was “coming soon,” suggesting that the SEC had no further comments.
The REX-Osprey SOL+Staking ETF would be the first of its kind in the U.S. Several issuers are still awaiting approval for a spot SOL ETF which would likely also include staking capabilities.
Exciting news! The launch of the first Solana-based ETF this week showcases its potential as an innovative blockchain platform, fueling a 5% price surge for SOL coins.
The entrance of the first Solana ETF this week underscores its growing influence in crypto space, marking a significant milestone for investors and spiking SOL prices positively by 5%, signaling more potential to come.
The launch of the first Solana-based ETF this week signals a major milestone for Web 3 adoption, driving an unexpected yet welcome surge in SOL's price by over five percent.
The launch of the first Solana-based ETF this week signals a significant milestone in crypto market adoption, fueling excitement and driving up SOL prices by 5%—a testament to its growing investment appeal.
The debut of the first Solana-based exchange traded fund (ETF) this week has sparked a 5% surge in SOL's price, signaling growing investor interest and demand for DeFi assets on blockchain.
