Market Overview
• REX-Osprey Solana ETF attracted $10.7M on July 11, contributing to $78M monthly inflows across three Solana ETFs
• New REX-Osprey Solana + Staking ETF (SSK) launched with $12M inflows and $33M trading volume on first day
• Institutional appetite for regulated SOL exposure continues growing, evidenced by consistent daily $10M+ inflows
Key Drivers
• SEC approval probability reaches 99.7%, following Ethereum ETF approval precedent
• DeFi Development Corp purchased 47,272 SOL (~$7M), signaling institutional confidence
• Network metrics show impressive growth: Q2 revenue surpassing ETH and BTC combined, 17M active addresses
• Multiple ETF applications from VanEck, Grayscale, and Bitwise creating competitive momentum
Trading Outlook
• SOL price at $158.14 with support at $151, resistance at $160
• Bull flag pattern suggests consolidation before potential rally to $300 (post-ETF) or $1,300 (speculative)
• Long-short ratio of 3.01 and supportive EMAs indicate sustained bullish sentiment
Community Insights
Binance Square users discussing:
• Significant ETF inflows and SOL vs ETH performance potential
• 2% price surge as early indicator of broader market participation
• Strong staking ETF debut sparking interest in yield-generating crypto products
Traders should monitor ETF flows alongside on-chain metrics for volatility signals as regulatory tailwinds continue.
