SOL Token Surges 2.88% as First U.S. Staking ETF Launches, Trading Volume Soars

Solana (SOL) experienced a 2.88% price increase over the last 24 hours, with the SOLUSDT pair on Binance currently trading at $151.76, up from a 24-hour open of $147.51. The primary driver of this price movement is the launch of the REX-Osprey Solana + Staking ETF (SSK), the first U.S. ETF to offer direct on-chain staking rewards for Solana, which began trading on July 2, 2025, after receiving SEC clearance. This milestone has attracted significant market attention and increased trading activity, as reflected by substantial 24-hour volumes and heightened interest from both retail and institutional participants. Additional positive sentiment comes from Solana's inclusion in Grayscale's Digital Large Cap Fund, now converted to a spot ETF, and ongoing ecosystem developments such as Moody's bringing credit ratings on-chain via Solana. Overall, Solana remains among the top cryptocurrencies by market capitalization, with robust trading volumes and active market participation.