SOL Token Surges 3.32% as ETF Approvals and Institutional Interest Drive $81.5B Market Cap

Solana (SOLUSDT) experienced a 3.32% price increase over the past 24 hours, rising from an open of 148.93 to 153.88. This upward movement is primarily attributed to positive developments in the U.S. regulatory landscape, including the SEC approval of the REX-Osprey Solana Staking ETF and the conversion of the Grayscale Digital Large Cap Fund ETF to a spot ETF with SOL exposure, both of which have heightened institutional interest and optimism around future ETF approvals. Additionally, increased open interest and trading volume in SOL futures, as well as strong on-chain activity and the launch of new investment products, have contributed to bullish sentiment.

Currently, SOLUSDT is trading at 153.88 with robust 24-hour trading volume and a market cap around $81.5 billion, reflecting strong market engagement and sustained volatility as traders respond to ETF-related news and technical levels.