SOL Token Surges 4.84% as First US Solana ETF With Staking Launches, Trading Volume Soars 110%

Solana (SOLUSDT) has seen a 4.84% price increase over the last 24 hours, rising from 157.35 to 164.96 USDT on Binance. This uptick is primarily attributed to heightened institutional interest following the approval of the REX-Osprey Solana + Staking ETF—the first US Solana ETF with staking—on July 1, 2025, which raised $12 million at launch. Additional momentum stems from recent SEC guidance aimed at expediting crypto ETF approvals, with Solana highlighted as a likely candidate for future spot ETF listings. Record CME futures trading volumes and increased wallet activity further reflect growing market participation and optimism surrounding potential ETF developments.

Currently, Solana is trading at 164.96 USDT with a 24-hour trading volume surge of over 110%, reaching approximately $11.8 billion, and maintains a market capitalization of about $88 billion, ranking it as the sixth-largest cryptocurrency by market cap.