$SOL Solana Price Analysis: ETF Buzz Fades, Price Slips Below $150
Solana (SOL) briefly rallied to $160 on Monday following excitement over the Solana ETF launch with staking. However, that momentum quickly faded. In the current session, SOL is down over 4%, trading around $148 as traders reassess the long-term impact.
🔍 What Happened?
The ETF, launched via a partnership between REX Shares and Osprey Funds, was structured as a C-corporation, allowing it to bypass typical SEC hurdles and enabling a quicker launch. While initially bullish for SOL, institutional demand remains limited — echoing the muted traction seen with Grayscale's Solana Trust (GSOL), which holds just $75M in AUM after 2 years.
Adding to the pressure, $585M worth of SOL is expected to unlock in the coming two months, according to DeFiLlama — potentially triggering more sell-offs.