Attention! SOL has not passed the spot ETF!
Analysis: REX-Osprey Solana Staking ETF fundamentally differs from the traditional SOL spot ETF in terms of structure, revenue sources, and risk exposure.
SOL Spot ETF: Helps you legally hold SOL. Better liquidity.
REX-Osprey Staking ETF: Helps you legally hold SOL while also staking on-chain to earn interest. Liquidity is constrained.
In the past 24 hours, the three most discussed topics across the network are:
1. The first Sol ETF with a “staking feature”, the REX-OSPREY SOL spot ETF, will start trading on Wednesday. SOL surged temporarily to 159 and has currently dropped to 154; $SOL
2. “Tokenization of stocks” has officially taken the stage, with 60 listed company stocks including Apple, Amazon, and Microsoft available for trading on the SOL chain DEX, and also on Bybit and Kraken CEX. Practitioners worry that altcoins will face more competition and fall into a liquidity crisis;
3. Robinhood EU will launch tokenized stock trading based on Arbitrum, covering over 200 US stocks. ARB surged 20% ahead of the announcement but plummeted after the news was released. A typical case of buying the expectation and selling the news. Robinhood announced the launch of Robinhood Chain based on Arbitrum technology, and its stock HOOD surged 12%;
Here are more “not to be missed” industry updates:
1. Musk: If the “Great Beauty Act” bill passes, a new political party in the US will be established the next day. Has the contradiction not been resolved?
2. The SOL chain MEME coin USELESS has a market cap close to $200 million, reaching an all-time high, with the coin rising for nearly a month;
3. PENGU increased by 7.88%, rising for 6 consecutive days, the strongest among mainstream MEME coins, overtaking PEPE;
4. Trump's official merchandise store accepts TRUMP coin for payment, TRUMP continues to decline, currently priced at 8.88. The Trump side has recently clearly intensified efforts in WLFI, while TRUMP is becoming marginalized;
5. BTC rose by 29.79% in Q2, with the altcoin index at 19, it is still the “BTC season”;
6. OK will delist X, BSV, GOG, DIA, BONE, OXT spot trading pairs, with the community mockingly asking: How come BSV is also being delisted;
7. JPMorgan gives Circle stock a “reduce” rating, with a target price of $80 by the end of 2026, while Bernstein gives it an “outperform” rating, with a target price set at $230...;
8. The probability of the Federal Reserve maintaining interest rates in July is 79.8%, and the probability of a cumulative 25 basis points cut in September is 75.9%, indicating that the market's expectations for future monetary policy are gradually clarifying.
