SOL Token Surges 5% as First U.S. Solana Staking ETF Launches, Trading Volume Soars

Solana (SOLUSDT) experienced a notable price increase in the last 24 hours, largely attributed to the launch of the REX-Osprey Solana Staking ETF on July 2, 2025, which marked the first U.S.-listed Solana staking ETF and generated significant market interest. The ETF launch, along with the recent approval of the Grayscale Digital Large Cap Fund’s conversion to an ETF including SOL, has contributed to heightened trading activity and positive sentiment, driving SOL’s price higher. Additional momentum has come from Solana’s strong recent performance, outpacing major cryptocurrencies and benefiting from ongoing regulatory developments and new product offerings.

Currently, SOLUSDT is trading at $152.85 on Binance, reflecting a 24-hour price change of +5.12% from an open of $145.41. Trading volume remains robust, and Solana’s market capitalization is among the top six cryptocurrencies, with circulating supply estimates between 530 million and 534.61 million SOL. The asset has shown volatility, with a 24-hour range of $145.21 to $159.98, and maintains a strong seven-day performance of over 15% growth, though analysts note the potential for both continued gains and possible consolidation.