SOL Token Surges 3.59% as First U.S. Staking ETF Launch Sparks Investor Demand

Solana (SOLUSDT) saw a notable price increase over the past 24 hours, largely driven by the launch of the REX-Osprey Solana Staking ETF (SSK) on major U.S. exchanges, which is the first U.S. ETF to offer both spot exposure and staking yield for Solana. The ETF launch, following positive SEC feedback, generated significant investor interest and contributed to a rally in SOL’s price, with additional momentum from robust network activity and increased trading volumes. Some profit-taking and resistance were observed after the initial surge, but ongoing aggressive buying at lower levels has supported the price.

Currently, SOLUSDT is trading at $154.80 on Binance, reflecting a 3.59% increase over the last 24 hours from an open of $149.44. The 24-hour trading volume is strong, and the price has fluctuated between $147.39 and $155.86, with a market capitalization of approximately $83.37 billion and a circulating supply near 530 million SOL.