Understanding SOL is more important than understanding ETH
The Solana staking ETF will launch on Wednesday.
This approval could pave the way for other ETF assets (such as ETH and BTC) to be staked.
The first Solana exchange-traded fund (ETF) in the U.S. that includes staking services will start trading on July 2.
Rex-Osprey CEO Greg King announced this landmark ETF today, driving the price of SOL up 4.5% to $158, while BTC fell 0.7% today. Over the past two weeks, SOL has been steadily climbing, likely due to market expectations of ETF approval, with a 18% increase in SOL over the past 14 days.
This news was released on the same day that financial services provider Robinhood announced that users would be able to stake SOL through Robinhood Crypto
