SOL Token Surges 2.28% After U.S. Debut of REX-Osprey Staking ETF and $112.5M Investment

Solana (SOLUSDT) experienced a 2.28% price increase over the last 24 hours, rising from 149.18 to 152.58 USDT on Binance. This positive movement is primarily attributed to the launch of the REX-Osprey SOL Staking ETF, the first spot Solana staking ETF in the U.S., which generated significant market interest and drove an initial surge in trading activity. Additional contributing factors include DeFi Development Corp's substantial $112.5 million private placement to expand SOL holdings, record-high open interest in CME Solana futures, and the SEC approval of Grayscale’s multi-crypto ETF featuring Solana. These developments have boosted trading volume and investor attention, resulting in heightened volatility and a notable uptick in price and market activity. Currently, Solana is trading at 152.58 USDT on Binance, with strong 24-hour trading volume and a market capitalization of approximately $82.66 billion, reflecting robust market engagement and ongoing investor focus following recent ETF-related news.