$SOL Price Analysis: Enthusiasm Around the ETF Fades, Price Drops Below $150
Solana (SOL) briefly reached 160.$ on Monday thanks to the announcement of the Solana ETF with staking.
But this momentum did not last: the price has fallen back, around 148.$ today, down more than 4%.
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đ What Happened?
The ETF, created by REX Shares and Osprey Funds, was launched quickly thanks to a special structure (C-corporation) that facilitates SEC approval.
Despite this good news, demand from large investors remains low.
The Grayscale Solana Trust, similar, manages only $75 million after 2 years, indicating moderate interest.
Additionally, about $585 million of SOL will be unlocked in the next 2 months, which could trigger additional selling.
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