The Solana (SOL) currency experienced a sudden price surge in the past hours, following the announcement by Osprey Funds and REX Shares about the near launch of a new exchange-traded fund (ETF) specifically for staking services.
This announcement constituted an important event in the cryptocurrency market, as the price of Solana rose by 6% to reach $160, before slightly retreating to stabilize near $150.
Anticipated institutional shift
REX Shares announced via an official post that the new staking fund will be launched on Wednesday, July 2, 2025. Investors have been waiting for this announcement for a while, following previous hints from the company without specifying a date.
This announcement quickly reflected on the market, as the price of the currency rose from $140 to $160 in a short period, then corrected itself due to profit-taking.
Currently, the price stabilizes near $150, while the Relative Strength Index (RSI) shows a reading of 40, indicating that the currency is still in a zone that may attract new investors looking for suitable entry opportunities.
Why is the Solana ETF considered an important step?
The new staking fund represents an opportunity for institutional investors to gain regular passive returns without having to manage their portfolios themselves.
This could open the door for new funds to enter the Solana project, which could support the price in the medium and long term.
If the fund proves successful, it could serve as a model for launching similar funds for other currencies like Ethereum and XRP, enhancing the relationship between traditional finance and the world of cryptocurrencies.