SOL climbs to ~$160 on ETF launch announcement
Short sellers face ~$9 M in liquidations
New staking ETF marks a major shift in institutional access
ETF Sparks Massive Rally
Solana (SOL) surged sharply to nearly $160 after the announcement of the first-ever Solana staking ETF set to begin trading in the U.S. The ETF, named the REX‑Osprey SOL + Staking ETF, combines spot exposure with staking yield—making it the first of its kind to offer this dual benefit on a public exchange.
This move significantly boosted investor confidence, suggesting broader institutional access to Solana may finally be taking shape. The timing is critical, coming amid growing interest in diversified crypto investment vehicles.
Short Liquidations Add Fuel
As soon as the ETF was revealed, Solana’s price spiked, forcing the liquidation of almost $9 million in short positions. Traders betting against SOL were quickly caught off guard as the news drove up prices within minutes. The sharp squeeze added momentum, propelling SOL past key resistance levels.
This reflects a broader trend of short sellers being vulnerable during major news events—especially when they coincide with positive regulatory or institutional developments.
JUST IN: Nearly $9 million in short positions liquidated as $SOL jumped to $160 after the @REXShares CEO revealed that the first-ever Solana staked ETF will begin trading on Wednesday. pic.twitter.com/hZIntFpTMp
— SolanaFloor (@SolanaFloor) June 30, 2025
Institutional Milestone for Altcoins
The Solana staked ETF marks a new era for altcoin exposure in regulated markets. Unlike previous ETFs focusing solely on Bitcoin or Ethereum, this product adds the ability to earn staking rewards. That’s a key differentiator likely to attract institutional investors seeking yield.
Analysts are calling this a potential turning point for altcoins in the ETF space. It may even trigger similar products for Ethereum, Polkadot, or Avalanche, depending on regulatory signals and market reception.
The ETF’s launch is seen as a positive sign of increasing maturity in the crypto sector, with Solana now joining the shortlist of digital assets receiving U.S. institutional-grade financial products.
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