SOL Token Surges 2.98% After First U.S. Solana Staking ETF Launch and $100M Institutional Buy

Solana (SOLUSDT) has experienced upward momentum in the past 24 hours, with the price rising by 2.98% to 152.83 USDT on Binance. The main driver behind this price increase is the launch of the REX-Osprey Solana Staking ETF, the first U.S.-based Solana staking ETF, which received SEC approval and began trading with a strong initial volume of $33 million. Additional positive sentiment was supported by Robinhood enabling SOL staking and institutional interest, such as DeFi Development Corp’s $100 million SOL purchase announcement and MemeStrategy’s acquisition of 2,440 SOL tokens.

Currently, SOLUSDT trades at 152.83 USDT with a 24-hour open of 148.41 and a price change of 2.98%, reflecting robust trading activity and increased investor interest following significant product launches and institutional involvement.