#REX-OSPREYSolanaETF Here's a concise update on **REX Shares' Solana ETF (OSPREY)** and its impact on **$SOL**:

### **Key Highlights:**

1. **OSPREY Solana ETF Filing**

- **REX Shares** (known for its Bitcoin & Ethereum ETFs) has filed for a **Solana ETF** (ticker: **OSPREY**).

- Unlike **spot ETFs** (like those for Bitcoin), this is likely a **futures-based Solana ETF**, pending SEC approval.

2. **$SOL Price Surge**

- The news triggered a **short-term rally** in SOL’s price, with gains of **~10-15%** in recent days.

- However, the momentum may be **temporary** unless broader market sentiment (or Bitcoin ETF inflows) supports further upside.

3. **Can the Momentum Last?**

- **Bullish Case**: If approved, OSPREY could bring **institutional demand** and legitimize Solana further.

- **Bearish Risks**:

- The SEC still views **SOL as a security** (vs. Bitcoin’s commodity status).

- Approval could take **months or even years** (Bitcoin ETFs took a decade).

- If denied, SOL may see a **sharp pullback**.

4. **What’s Next?**

- Watch for **SEC comments** in the coming months.

- If Bitcoin ETFs see **renewed inflows**, SOL could ride the wave.

- **Technical Levels**:

- **Support**: ~$130-$140

- **Resistance**: ~$170-$180 (previous highs)

### **Bottom Line:**

While the ETF news is bullish for Solana’s long-term adoption, **short-term volatility is likely**. Traders should watch SEC developments and Bitcoin’s trend for clues.

**$SOL #SolanaETF #CryptoNews**

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