SOL Token Surges 4.25% After First U.S. ETF Launch and SEC ETF Approval Drive Institutional Demand

Solana (SOLUSDT) has experienced a 4.25% price increase over the last 24 hours, rising from an open of 149.05 to 155.39 on Binance. This upward movement is primarily attributed to the launch of the first U.S. ETF offering direct exposure to Solana and staking rewards, as well as the SEC's approval of Grayscale's Digital Large Cap Fund conversion into a spot ETF that includes SOL. These developments have driven increased institutional interest and liquidity, resulting in higher trading activity and price gains. Solana's current market capitalization stands at approximately $83.11 billion, with a 24-hour trading volume exceeding $4.84 billion, reflecting strong market engagement and outperforming the broader cryptocurrency market over the past week.